Tired landlords - $$$ up front

[Jeff Fairchild]

From what I've read, a lot of people are putting $10 down on purchase contracts. If I call landlords though to buy via a lease option, they will of course be wanting 1st month's rent, last month's, a security deposit, and an option fee. What is the best way to pay the least amount out of pocket when buying from a tired landlord?

[Harrison Painter]

What they want, and what they get are two different things! :lol:

In my experience you just need to ask. So many people have lost the art of the negotiation. I am not sure if it is a lack of confidence, laziness, or some other reason, but get out there and negotiate.

If a Seller is desperate enough, they will do anything. No different than a Sellers market where buyers were bidding up the prices to ridiculous amounts.

The best advice I can give is to simply ask for the terms! What is the worst that can happen? They say no......doesn't hurt that much!

If they say no, do not take it personal. Walk away and see if they contact you in a day or two. If they do, you know you have a serious edge. If they do not, then follow up and engage in the negotiating process. Just keep your emotions in check, and maintain control of the flow.

If you are the buyer, and they are really distressed, you hold all the cards!