All Forum Posts by: Account Closed

http://www.zillow.com/homedetails/6824-Butternut-Ln-Fort-Wayne-IN-46825/73202102_zpid/?view=public

Thanks Brian!

I will get in touch with property managers and attorneys tomorrow. Thanks for the helpful tips.

Ill also get someone to record a walk through video for me that will definitely help.

Thanks!

Any help from someone experienced in selling Lease Option deals would be greatly appreciated!

I'm currently marketing a home that I am looking to sell as a lease option, and have been having a little bit of trouble selling it.

The price is very fair, just a couple thousand over retail. The lease payments are about $50-$100 lower then market rents, and it's a two year option to purchase with $5,000 down on a $72,000 purchase price. 

I started marketing on the first of May, and really don't want to pay another payment out of pocket for June. I have it on zillow/trulia/postlets/etc. as well as a craigslist ad, and a small sign in front of the house. 

I have been getting a lot of leads from the zillow ad but most of the people aren't serious or think its just for rent (Although it says it twice in caps in the description).

What are some good other strategies that you know of, or personally use in your business that would help to generate real solid leads and sell this thing as quick as possible?

Any help would be greatly appreciated! 

Thank you!

Sure thing @Tony Powell Ill shoot you a message.

@Doug P. Definitely going to be following up every 15,30,60 with those people.  Those two happened to be halfway across the country so unfortunately I cant go to speak with the seller in person, I do certainty see the benefit in doing that though.

Regarding the realtor, I always make sure the property isn't listed with a real estate agent, Its one of the first questions on my script.

Great point on the last one, Ill give them both a call back and speak with them to see why they backed out and what they really need. 

Thanks Doug!

@Nnabuenyi Anigbogu Great job! Love to see things coming along nicely. Congrats on all of your success and keep us updated!

@Michael Quarles Thanks for the different exit strategies to make those low equity deals work, Ill research more about those.

So my Adwords campaign has been bringing me some solid leads, and I'm finding that quite a few of those would be awesome as sub 2 deals. There were two deals in particular that made sense and would be awesome sub 2 deals, I explained to the sellers how the transaction would work and that the mortgage would stay in their name etc. etc. They were still interested and so I sent them contracts, and one of them cancelled before sending me back a signed contract, and the other sent it back signed and backed out 2 days later. I dont know if they take some time to call the bank and do research, but they decide they dont want to go through with it. 

My question is to those of you who utilize this strategy. How do you keep sellers interested and follow through with the transaction, how do you pitch the idea to begin with?

I want to be more knowledgeable in the use of subject to in order to get some properties for my personal portfolio and help people who I couldnt help if I had to do an assignment or something of that nature. 

Any help is greatly appreciated thank you all in advance!

It was great meeting everybody!

See everyone there!