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All Forum Posts by: Mark Boek

Mark Boek has started 84 posts and replied 135 times.

Post: Have any banks declined to pay your option fees?

Mark Boek
Posted
  • Rental Property Investor
  • Greenwood, MO
  • Posts 152
  • Votes 17

A prospective buyer for a house I have under option suggested the following if the house appraises for well over the purchase price:

She would offer to purchase the property at an amount that covers what the seller is asking as well as my option fee. Closing instructions would be given that seller is to pay my option fee from the excess amount the seller receives.

Sounded good in theory, but I can't say if it would fly with the bank.

Unfortunately this buyer decided not to proceed, so we didn't get to test it out.

Post: painting cabinets

Mark Boek
Posted
  • Rental Property Investor
  • Greenwood, MO
  • Posts 152
  • Votes 17

Having grown up in the painting business and occassionally helping my Dad in his business still today - we find Kelly Moore's DuraPoxy line an excellent choice for interior woodwork - dries hard and durable - hence the "Dura"

Post: option contract question

Mark Boek
Posted
  • Rental Property Investor
  • Greenwood, MO
  • Posts 152
  • Votes 17

Bill, if you send me an email I'll send you an option contract I've used

Post: Hello from Birmingham,AL

Mark Boek
Posted
  • Rental Property Investor
  • Greenwood, MO
  • Posts 152
  • Votes 17

Hi Curtis, since we both are currently the newest members on "New Members Intro" - welcome from the west coast!

How are you finding your turnkey properties?

Post: Howdy from Ca Gold Country

Mark Boek
Posted
  • Rental Property Investor
  • Greenwood, MO
  • Posts 152
  • Votes 17

Hi, everyone. After about 10 yrs of false starts, things seem to be moving forward for me here in Auburn. Spent too much time "learning" - not enough time doing and staying focused.

I've been working on purchasing straight options from out-of town owners. Recently contacted an out of town owner who needs to sell, purchased a straight option to buy from her, and now it's listed on Craigslist, Bigbrick, Biggerpockets & a local REIclub site. Delivered 200 flyers this morning to neighbors saying to "Choose Their New Neighbor" & offering $1000 at close of escrow if any of their friends buy it.

Contacted all the area property managers to see if any of their clients are looking for rentals. Should be getting my For Sale sign today for the yard. Had one retail buyer look at it since last Fri, and a couple of investors drive by.

I've been layed off for about 3 months, so I have very little funds for more marketing. Any low/no cost guerilla marketing methods I'm overlooking?

Thanks & have a blessed day,
Mark