All Forum Posts by: Account Closed

Mark I can recommend www.realestatementoringusa.com for the information that you are looking for.

joe

Hey Matthew:

I would agree with Michael that lease options and I would add ugly house wholesaling is the way to go. You don't need any cash or credit and they are the best place to start. A mentor would allow you to make the most of your limited time.

Best,

Joe

There is a post on the 1st page of the market place dealing with options.

Hi Kyle:
If I'm correct your main question is how do you convince a seller to go along with your option plan. I can tell you that in my experience you're not going to convince a seller to do anything they don't want to do. Trying to make an unmotivated seller into a motivated seller is next to impossible. The key is in your marketing. If you are working the right markets, talking to the right sellers, and doing plenty of marketing the motivated sellers will come to you looking for help. Hope that helped.

Hi Brian:
You just got a lot of good advice except for the part about the name of the LLC which I don't understand but not a biggie. Anyway my suggestion is that you pick your niche and get to it. I would suggest that ugly house wholesaling and lease options are a good place to start because they do not require cash or credit to get you going. Consider a mentor/coach and/or a good program if you can find one you like.
Good luck,
Joe

Hi Mark:
Lease options are a great niche to add to your tool kit. Keep in mind that they don't require any cash or credit to get done and you can do both sandwich lease options as well as wholes lease options. I'm in Philly and I've done L/Os in your neck of the woods as well.
Best of luck,
Joe

Hey Brian:

I have no doubt that your student does a great job in Texas however after reading the law and speaking with an expert real estate attorney in Texas I figured the risk was a bit more than I wanted to take. After all there are 49 other states so I chose the path of least resistance. Thanks for the info I'll send my students to you if they want to do business in Texas.
Best,
Joe

Eric lease option lend themselves to both sandwich (hold) and wholesaling. You can wholesale lease options just like you do ugly houses. Lease options are a great place to start since they require no cash and no credit. By the way the only place where lease options present a problem is in the state of Texas. You can do them but you better consult and attorney first.
Best of luck.
Joe

Hi Andrew:

Wholesaling lease options is a great place to start and I've been working with lease options since 1994 so I have some experience in this niche. My advice is to get a mentor/coach and get after it. I'd be happy to speak with you further about it if you want.
Best,
Joe

Hi Mark:

Mark if you are just getting started wholesaling and lease options are the best way to go in my experience. They do not require any cash or credit to get done. In addition if you are working with the right people and in the right market you should never put up more than $10.00 to control the property in either niche. I have never put up more than $10.00 to control a property and I've been at this since 1994. With regard to lease options you need to seek out sellers that need debt relief. They could care less about getting up front cash as they need someone to get them out from under the house payments for a variety of reasons.
Good luck!