Larry Goins Real Estate Training - Lease Options
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So, if they don't exercise their option, at the end of the lease do they have any rights to receive any money collected as rent credit? Or do you keep that $3,600?
mmixon82 2 weeks ago
@ Alexjohnston18... exactly! Mate, when I do LTO's, my clients (both vendors and buyers) are so happy that many of them have tears in their eyes at the thought of getting into/out of the housing market! I provide solutions to problems for THEM, and in return I get paid, handsomely. Win-win-win... And because I treat all parties with integrity, I have so much referral business, I simply can't keep up!
RussBn 4 months ago in playlist Lease Options
I don't understand why you don't qualify your buyers better so that you get a higher percentage to settle. Kinda think that this would really only be good for minimum short term profits, whilst leaving a bad taste in the mouth of the vendor... Maybe you should be asking for $5000 - $15,000 for an initial option fee, thus naturally culling out the 'tyre kickers', ensuring a far better result for your vendor, security for your owner-buyer, and of course, better back end profit for yourself...
RussBn 4 months ago in playlist Lease Options
I like the opportunities and flexibility that lease options provide but your focussing on a win-lose strategy here. Manipulating it so you make it impossible for them to buy the home
They all want to buy the property in the end. So really it's your job to help them get qualified to purchase the home. You may not make as much profit BUT
everyone will win and benefit
other people they will recommend you
there are more homeowners to improve the economy
Just make it more sustainable and moral
Alexjohnston16 5 months ago