All Forum Posts by: Chris Silvas

John Jackson I've been reading up on some of your material and it is great stuff. Any additional information is greatly appreciated. I have a couple of deals that I believe I can lease option. I would love to split any profits for some help coaching me along. Thanks.

@Tommy Hopkins @Mike B. Thanks for the suggestions. I will look further into these. Does anyone have any reference on an experienced attorney that knows about the contract structure? I'm in Houston so anyone familiar with Texas law could help. Thanks once again. 

I have been getting some pretty good foreclosure leads. Some of these leads have great equity and are obviously great deals. However, some of these leads have very slim equity, some are right at zero equity, and some have negative equity. I know that for the ones with negative equity I should leave alone, but what about the leads that fall into the slim to zero equity category. What options can I provide these people so they do not end up getting foreclosed? I know subject to and perhaps lease option are 2 avenues, but there seems to be limited information on learning these transactions. I am willing to share in a deal I find if someone is willing to guide me through these avenues (and any other possibilities). I am in the Houston area.

I was curious how other real estate investors structure their deals that come from attorney's in terms of the profits. Do you just give them 50% of whatever leads they provide that turn into deals? Do you give them a flat fee (let's say $1,000 per successful deal)? Thanks in advance.

I was curious how other real estate investors structure their deals that come from attorney's in terms of the profits. Do you just give them 50% of whatever leads they provide that turn into deals? Do you give them a flat fee (let's say $1,000 per successful deal)? Thanks in advance.

*negotiating

Steve Vaughan How do you go about negotiation repairs and taxes/insurance from the buyer perspective in a lease option? Should the seller pay taxes/insurance? I've heard of buyers asking the seller to cover repairs over a certain threshold (i.e., anything over $2,000). I've also heard of splitting repairs between the 2.

I will be sure to take a look at what has been recorded. The local county clerk website can be challenging to navigate through. If anyone can provide any "Texas friendly" templates or samples it would be greatly appreciated. Thank you. 

Does anyone have a pretty solid copy of a lease option contract. I believe there are 2 separate contracts, one for the purchase and one for the lease, but I could be wrong. I have a motivated seller who is looking for a steady stream of monthly income. My cash offer was too low so I offered terms. I live in Texas (Houston) and I know there are stringent laws for the seller, but I would be the buyer in this situation. Any info or direction is greatly appreciated.

*has anybody had experience with squatters My apologies, I was typing too fast.