We agree on the following:. I tell Brett that I will be selling this contract to a tenant buyer for 2.
Our imaginary investor, lets call him…. The buyer mentions something about declining home values. The wife is screaming at the husband to get the house as my second set of prospective tenant buyers walk up the pathway to look at the house. We take payment by credit card, fill out the assignment form and I am done with the deal. If prices go down, Todd is not liable-he is out of the deal.
Todd calls a few builders who agree that if Todd sends a buyer they will rebate the seller 2. If Todd is a real estate agent, we call this a commission, if he is not, he becomes a principal again and collects an assignment fee.
If buyer cannot qualify for a loan, it does not matter what prices are anyway. Todd makes money, the buyer is happy, and so is the seller. You could also renegotiate with Brett if you wanted to. There are a ton of ways to do deals as long as you sell value and hit people between the eyes with honesty.
Right now I have a five year rent to own contract on a San Diego condo that is about 40K above market price. The seller knows I will be selling the contract. When buyers call I say the following. I have great condo in a good school district. Here is the issue… the condo is a little overpriced right now.
However, you and your family can move into this condo today. You will have five years to buy the property. Hopefully, the market will turn around and with a little time, this could be an excellent deal. If you can put down 6K today, I can get you into your own place. Is it a risk for the buyer? Sure it is, but I am not asking for the guys first born child either.
I let him know of the risk and he makes the decision. Would you like to take care of that Visa or mastercard?
It took two weeks of hard work but the house was beautiful! I collect a non-refundable deposit from a tenant buyer called option money , collect a higher rent every month higher then I am paying Mary , and inflate the purchase price to market value or a little above. He had a negative when his renter was in the property and now it is vacant. That is just reality. And yes, they get paid to shave years off your learning curve. Client here is my reply to this about Kris Krohn, for me I don't like many of them charging money for stuff, but when I can call or Text Kris about my deals and he answers thats big to me.
Or if the guy is a web developer and you need 6K worth of website work, just barter for the thing. The other day a guy tried to give me a horse for a down payment. Hey, whatever it takes!!!! Make it happen baby…make it happen. You can call me, Todd at or get a bunch of great free stuff on our website http: Only 2 left in stock more on the way.
A Collection of Lease Purchase Articles. Provide feedback about this page.
Conversations With a Lease Purchase Mentor - Kindle edition by Claude Diamond. Download it once and read it on your Kindle device, PC, phones or tablets. 6 Results $ Kindle Edition. The Mentor teaches The GUT's Sales Training Method. $ Spiral-bound. Conversations With a Lease Purchase Mentor.
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Brent Miller , Executive Vice President. Brent specializes in property acquisition, disposition and lease restructuring on behalf of his clients. Brent exclusively represents office and warehouse tenants in lease and purchase transactions, as well as disposition requirements.