Attempt #2

[Oisin Milne]

ok, so this is the second time i have put in an offer on a property. I have found a 5 bed, listed at 450k...

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"Hello, my name is Conaire Hodgson and my friend and I are real estate investors, looking to move into an owner-occupied investment property in london. We have had a look at the numbers on this property and the area and would like to put in two offers on this residence:

1) for 90% of the asking price (£405,000 total) on a 10 year master lease-option at £2,000 per month (£240,000 total over those 10 years) which will count as a non-refundable 40% deposit. In the event that we do not buy at the end of the term, the buyer gets to keep the money and the house, allowing them to attain a steady stream of income over the next decade and then either the rest of the money or the ability to re-list the property after a decade of inflation in the area (estimated to be between 30 and 40 percent).

2) we will offer £360,000 (80% of the asking price) on seller financing (wherein the seller themselves extend us a line of credit for that amount) for a 30 year, 10% interest, fixed term. £1100 per month, totalling £396,000 when all is said and done. Again, you can see the benefit of the passive income stream generated by this.

If the sellers are interested in either offer, then don't hesitate to call."

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So... what do y'all think?

[Elizabeth Colegrove]

You need to figure out the "why" they are selling and than create an offer that appeals to the "why". That has been our key to success.