Homeowner and training is a saying for rent to own tenants, as they are preparing get a mortgage, There are three hurdles: DTI which is that to income ratio of 43% Down payment Credit rating To be able to qualify for a mortgage, these hurdles are important to understand. A good resource is at the consumerfinance.gov […]
An option to purchase contract means that you have a right to buy the property anytime during a. Of time for a certain amount of money. This right cannot be taken away from you. Generally you can sell this right by assigning the option, unless it has stated that you cannot assign the contract. So […]
Negotiating with Renters for Lease Option Negotiating with renters or tenants for a lease with option take some practice. But it is about positioning… USP USP means unique sales proposition, what are you offering? Decoding Tenant Buyer Positioning: A Guide to “Easy Acceptance” Source: Excerpts from “Positioning Tenant Buyers For Easy Acceptance of Y.txt” Introduction: The […]
Negotiating the Deal for an Assignment We assign deals for a fee there are several types of deals that we assign for fee. Wholesale deal, house that needs work, we need to figure out a price that we can assign the paperwork for a fee, But generally wholesaling deals are 65% of the after repair […]
Selling on lease with option compare renting the property out to attend as a landlord, and showing the property on a lease option Sure, let’s compare the two scenarios: Renting the Property Out Landlord Role: As a landlord, you retain ownership of the property and rent it out to tenants. Income: You receive regular rental […]
Finding lease options sellers See https://reiskills.com/tag/marketing-sellers/ The perfect lease option seller is a three or four or five bedroom house in a good location and they have great urgency to sell. They may have tried to sell with an agent so that’s an expired listing, or for sale by owner, or a landlord that’s out […]
Negotiating the Deal for a Sandwich A sandwich is a sandwich lease option or a sandwich land contract. You’re acting as a middleman. So here’s an example. Let’s say the property is worth $100,000. Market rent is $1,000 a month. When you do the sandwich, you have to negotiate a sales price less than $100,000 […]
Lease option then assign We enter into a lease with option with the seller then sell the paperwork to a buyer for a fee. This is similar to wholesaling where you enter into a Sale and purchase agreement or an Option to purchase agreement and sell the paperwork for fee. Lease option assignments are a […]
Lease Options to Control Using a lease with option to control a property is one of the easiest ways to make money in real estate. Let’s say that you find a seller that needs to sell, and they don’t want to rent it out and they don’t want to list it with an agent. You […]
Buying on lease option This is where you lease with an option from a seller with an option to buy, and generally your exit strategy is to sublease and sub-option. This is called a sandwich lease option. You can also assign the paperwork to attend buyer. This is called a lease option of something or wholesaling lease […]