All Forum Posts by: Victor Maxey

@John Thedford  I agree. The lawyers want to charge me a $150 consultation fee, and its not even confirmed if they will be knowledgeable on what I am speaking of. Waste of 150 if you ask me. I am seeing that you can get a real estate agent to take care of it. Thing is Ive already found a buyer highly qualified to assign my options over to.

@Steve Vaughan  Thanks. So assigning would be my best strategy because this is my first. So would I get my fee at signing the introduce the buyer and seller afterwards? Have a appointment with modifications of paperwork and escrow holdings for Sandwhich lease but if simply assigning it is easier I would rather use that route. And would I still need a closing attorney. And could I still use option fee amount as my assignment fee?

@Russell Brazil @John Thedford  Not familiar with Sandwich lease options? I have an attorney looking into it now. Should be able to do it though

@Vince Mayer I would need to have the money taken care of through escrow. Its a L/O with the option tho purchase. I have with the seller for $250K and $1800 and found a tenant buyer who want to L/O the house for $260K and $2000 a month.

I HAVE A BUYER IN PLACE WHO WANT THE HOUSE I HAVE UNDER L/O WITH SELLER. WILLING TO PUT DOWN 5% OF PURCHASE PRICE AND PAY MONTHLY RENT A MONTH. I PUSHED IT TO HIM FOR 10K MORE THAN I HAVE WITH THE SELLER. WOULD I REPLACE THE OWNERS NAME WITH MY NAME AND THE AMOUNTS BETWEEN ME AND T/B TO GET MY FEE UP FRONT AND CATCH THE 10K ON THE BACK END. THEN TURN ALL PAPERWORK INTO TITLE COMPANY TO TAKE CARE OF THE REST CORRECT? I BELIEVE IM ON THE RIGHT TRACK JUST WANT TO VERIFY.

@Laura Alamery  How would I approach owners who have house for rent with lease purchase, or better yet what would be some key questions to ask to see if they are interested? And I plan to get them to agree to sign agreement over the phone non-exclusive so I wount tie the property up hoping it doesnt take long to find t/b.

Laura Alamery

Laura Alamery Thanks alot. Sounds like it could be easier than just a simple contract assignment at a cash purchase

With wholesaling lease options how much of a down payment do I offer the seller and when should they receive it? And how how long do I have to find a buyer and assign it over after I get lease options signed?

Ray Jacobsen contact information?