All Forum Posts by: Carrie Collyer

Jossie, Welcome!

The Beginner's Guide is a great resource. I just recommended it to a young lady wanting to explore real estate. Best to you!

Welcome! King county in a beautiful area. My daughter lives there. You will find great resources here and very helpful people. We all wish much success to you.

@Brian P.

@Brian P.

@Brian P.

Are any of you finding the "Pre-Market" homes listed on Zillow to be useful to find leads? I know Zillow is not up to date compared to Realtor.com but these owners do look like possible sellers in need.

I must have put this in the wrong forum :) I'll try another.

Are any of you finding the "Pre-Market" homes listed on Zillow to be useful for motivated seller leads? I know Zillow is not up to date compared to Realtor.com but these owners do look like possible sellers in need.

Thanks, Carrie

Michael Quarles- Thanks so much for the contract. Excellent! Also your book "Subject To for Investors" is well written and has very valuable content. Great read for anyone interested in utilizing Subject To strategies. Thanks for making it available!

Brian Gibbons- I followed your link to check out the book. I really appreciate hearing about a recommended resource. It was surprising though to see the last favorable review was in 2006 and most 5 star were from newbies or friends. Maybe Amazon readers simply slow to catch on to a great find :) Hopefully this is so. :)

I'm assuming the home you are selling could be vacant or you could currently live there. If you live there, I would take approximately half of your belongings (off season, little used, ie junk lol) and put in storage, or box up and stack in the garage for your upcoming move.
Also, have your house available on short notice. Don't require 24 hours before a realtor can show it. Before you leave for work in the morning, follow a 15 minute routine to make bed, quick clean the bathroom, kitchen sink and clutter you missed the night before.

John Rubino, Greg Fend, Ryan Logsdon,
When I structured Lease Options, the Option Fee (up front, non refundable) and $150-$200 of the rent (which was above Market Rent) did not come off the sales price when the buyer exercised their option.
I found what my buyer needed most was help with a down payment (and documentation to show their lender that they had made consistant payments which positively influenced their credit score).

They had great incentive to pay their rent on time each month since I tied it to the Rent Credit. Our agreement stated that I would credit them the $200 toward their down payment only if they paid their rent on time.

Also, I did not need to put their money aside. As was stated in an earlier comment, it was mine either way. (I of course did not state it this way to the buyer). I explained to the buyer that the Option Fee and their Rent Credit would be "credited" to their down payment at closing.
It was stated as such on the Settlement Statement. I simply received less at closing but more upfront and each month. It was not difficult to sell the idea to a buyer. A win-win all around.