All Forum Posts by: Account Closed
Account Closed has started 0 posts and replied 45 times.
Post: Creative financing strategies
- Real Estate Coach
- Scottsdale, AZ
- Posts 72
- Votes 23
James,
Realtors are your best source of business but they want to get paid just like everyone else, they deal with owners everyday that don't want to pay commissions, don't want to short sale and want a better investment.
Also Realtors deal with buyers who don't currently qualify for traditional financing and they are walking away from these potential opportunities.
Our company LeaseOwn Homes charge a minimum 5k or 3% of the purchase price for the option fee upfront and we pay realtors up to 50% of that depending if they bring the buyer or seller or both.
Also we charge 2% per year as the balance of our option fee paid at time of purchase of the property and give the realtor 25% or 50% see above.
This motivates realtors to work with you and by taking care of realtors they will give you warm leads and will help you close them.
Again a win-win.
Post: New Wannabe Investor from New York City
- Real Estate Coach
- Scottsdale, AZ
- Posts 72
- Votes 23
Angel,
Real estate investing can be a very rewarding and profitable venture. I have been an investor since 1985 and still enjoy it to this day, you must be very when investing in real estate my recommendation is to educate yourself and make sure you are prepared.
Here are some good questions to ask yourself prior to deciding which type of investing avenue to take.
Why do you want to invest in real estate?
How much time do you have to spend educating yourself?
How much time do you have to spend on investing?
How much money do you have to invest?
What are your financial goals?
Don't try to do it alone find a good real estate who specializes in The real estate investing technique that will be best for you based on your answers to questions above.
Our company Leaseown Homes invests using lease options, we found it limits our liability, allows us to minimize the use of our cash and allows us to invest in real estate without risking our credit.
Do your homework and ask lots of questions.
Good Luck.
Post: To increase rent or not to increase rent
- Real Estate Coach
- Scottsdale, AZ
- Posts 72
- Votes 23
If you are making a profit and you have a good tenant don't raise the rent as this could cost you a lot as if they move out and you only have a one month vacancy how long will it take to get that lost months rent back.
Keep the renter happy and your company stays successful and profitable.
Post: New Investor in the Bay Area
- Real Estate Coach
- Scottsdale, AZ
- Posts 72
- Votes 23
Welcome Edward,
Real estate investing can be a very rewarding and profitable venture. I have been an investor since 1985 and still enjoy it to this day, you must be very when investing in real estate my recommendation is to educate yourself and make sure you are prepared.
Here are some good questions to ask yourself prior to deciding which type of investing avenue to take.
Why do you want to invest in real estate?
How much time do you have to spend educating yourself?
How much time do you have to spend on investing?
How much money do you have to invest?
What are your financial goals?
Don't try to do it alone find a good real estate who specializes in The real estate investing technique that will be best for you based on your answers to questions above.
Our company Leaseown Homes invests using lease options, we found it limits our liability, allows us to minimize the use of our cash and allows us to invest in real estate without risking our credit.
Welcome to the wonderful world of real estate investing.
Post: Negotiating
- Real Estate Coach
- Scottsdale, AZ
- Posts 72
- Votes 23
in real estate it is more about asking the right questions to find out a sellers motivation for selling, a great book to start is "The Automatic Millionaire Homeowner".
Do your homework first as fix and flip is risky, hard work and costly. It can be profitable but can put you out of the game fast.
Post: Brand new investor
- Real Estate Coach
- Scottsdale, AZ
- Posts 72
- Votes 23
Post: Creative financing strategies
- Real Estate Coach
- Scottsdale, AZ
- Posts 72
- Votes 23
Realtors are your best source for finding owners willing to do lease options, in a year how many owners do realtos speak to who dont want to pay a commission, dont want to do a shortsale who are underwater or want a better investment?
Our company LeaseOwn Homes works with realtors regularly.
Post: Negotiating
- Real Estate Coach
- Scottsdale, AZ
- Posts 72
- Votes 23
it depends on the type of investing you are doing and to avoid future liability you should make sure it is a win-win for all parties.
Remember if everyone wins everyone is happy and everyone will want to do it again.
Post: How to pick an Attorney
- Real Estate Coach
- Scottsdale, AZ
- Posts 72
- Votes 23
i would reccommend contacting the department of real estate and get a referral, you must be careful to follow all laws as some types of investing require you to be licensed.
Post: PA lease options
- Real Estate Coach
- Scottsdale, AZ
- Posts 72
- Votes 23
if you are using a lease from an association of realtors you must be a realtor who is signed up with the board, i believe it is a great contract as it will have all the most up to date protection for all parties and be the most up to date with the laws in your state.