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Jimmy Cantave
  • Investor
  • Miami, FL
19
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82
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lease option / rent to own

Jimmy Cantave
  • Investor
  • Miami, FL
Posted

when it comes down to doing a lease option in miami fl how comes the sellers decide not to go that route....

1. how many people in did lease options in miami fl and broward county

2.what was your approach.step by step! 

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Darrell Shepherd
  • Rehabber
  • Smyrna, GA
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864
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Darrell Shepherd
  • Rehabber
  • Smyrna, GA
Replied

Sellers want their cash.  A lease option as a purchase strategy only works when the seller has a need to sell.  It was a decent play when things wouldn't sell if you want to work the pretty house business, not so much when the average DOM is under a week.

You've got to think like a seller when you are trying to buy.  When I worked with the public, the first question I asked was "tell me about your situation" because if there wasn't a motivating factor in that answer I was off the phone in under a minute.  The most frustrating thing you'll run into in this biz is trying to talk an unmotivated seller into being motivated.  Just doesn't work.  

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