does anyone know of the best way to do lease options out of town without going their often? we live in the 2nd highest re market in the u.s. all the investors in our rei club agree it is not the place to invest. however a 3 hour drive from here looks good.
thanks in advance
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I have not tried out of town deals but from my studying of Deans material the key is to set up your success team. Hope that helps answer your question. Success be with you! Keith
Keith; thanks, that was ist on my agenda today. another key is getting phone calls funneled to my bus phone correctly. i guess i need an extra 1-800 # ?
andrew from no.ca.
thanks in advance
Just a little advice: I own a small company. With lots of competition in my area Salt Lake City. When I got started every one who owned or still owns my type of company Said the same thing you stated.
If you believe what they are saying. Then they get what they want. Its a ploy or tactic if you will on reducing the competition. They believe if they can get you out of they way then there will be less investors to compete with.
Get yourself a sellers (Realtors) list and see if what they are saying is true.
Go to Craigs list type in Motivated ,FSBO. ect ! see what the market is.
Don't you ever let someone tell you "YOU CAN'T" make it .... once you believe them its over .
When Life comes down to push and shove.. Its time for a 1 Ton truck.
- The Belt Group -
i have done a lease option out of town and the above comments are right.ASSEMBLE A TEAM. they will do most of the work for you.also you need a team in your own town too.there is no I in team right?.it is soooo much easier to do a deal with the help of others.
i think you could do a deal in your own town even though everyone says u cant.dont listen to them and do some research yourself.as greg murphy said at the edge 2010 a deal can be made no matter the price .for example: if i had a house that i owed 100,000 on and it was only worth 80,000 . most would say thats not a deal wellll suppose i have a friend that cant get a loan because he just started his job at 21 yrs old and WANTS TO OWN A HOME. he can afford a payment of 1000 per mnth my pymn is 700 per mnth. there is the potential for a profit there. if you can find someone willing to pay more for ANYTHING than the existing financing then U HAVE A POTENTIAL PROFITABLE DEAL !! alot of it is forming the team and marketing the deal after u find it !! good luck and yes u can !! as dean says this 4th of july !!
jay
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