All Forum Posts by: Joe McCall

Oh... and also make sure you’re not being stupid and setting the option price ridiculously high. It should be set at today’s fair market value. 

Lease options are awesome... IF you do them right and set them up to win from the beginning. 

1) Only do Lease Options on nice homes in nice areas (median price range) - where people want to own homes.

2) Only put tenant buyers in homes who put at least 3% down and have a realistic chance of getting a mortgage in 6-12 months. Make sure they’re working with a local mortgage broker. 

If you do those two things, you will have good success with your lease options. 

:)

 Sorry for not connecting... Not sure what the problem is... I highly recommend InvestorFuse. It's amazing. :)

Nice! Looking forward to seeing you there Brett & LaShelle 

Hey Brian! I am really looking forward to coming! It will be awesome. Thanks for inviting me.

@Chris Carson - Sure, let's talk... How do you do it? Can I find these leads online, at the court website? Or do I need to send someone to the courthouse? The harder the list is to get, the better. Thanks!

Does anyone know how to pull eviction leads in Jacksonville, FL (Duval County)? Thanks! :)

welcome to BP, Daniel. This is a good place to be. 

And here is the National Association Of Realtor's Code of Ethics:

http://www.realtor.org/sites/default/files/policie...

Article 4:

REALTORS® shall not acquire an interest in or buy or present o ers from themselves, any member of their immediate families, their rms or any member thereof, or any entities in which they have any ownership interest, any real property without making their true position known to the owner or the owner’s agent or broker. In selling property they own, or in which they have any interest, REALTORS® shall reveal their ownership or interest in writing to the purchaser or the purchaser’s representative. 

I found this from TN license law...

http://share.tn.gov/sos/rules/1260/1260-02.2015101...

All it's saying is that you must disclose. It doesn't say you can't do a FSBO.

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1260-02-.11 PERSONAL INTEREST.

1. (1) No broker or affiliate broker shall, either directly or indirectly through a third party, purchase for himself or attempt to purchase or acquire any interest in or option to purchase property listed with him or with his company, or property regarding which he or his company has been approached by the owner to act as broker, without first making a full disclosure of his true position to the owner of the property or to any prospective purchaser for which he has acted for as a client or customer. After acquiring any such personal interest, either directly or indirectly, the broker or affiliate broker shall make a full disclosure of his true position to prospective purchasers who tender offers to buy the property.
2. (2) All licensees shall identify themselves as a licensee when buying or selling property for themselves.