Lease Purchase Strategies
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I also am wondering what aynrandgirl asked: "How do you protect yourself if the seller stiffs you, won't co-operate, changed their mind or they can't be found at option time? Now you've got one very angry tenant/buyer ready to sue you for taking their money and not delivering a house when they decide to buy." Wouldn't "get the deed" be safer?
Joseph
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Just stopping in to share with you that I have received my kit, and I'm enjoying your cd's. The audio's are awesome, and I especially like the video cd's. You are very entertaining! I should be making lease option offers by Monday. I figure if I make a 100+ offers, there should be at least one property waiting to be tied up. As any hard working investor knows, there are amazing deals out there left and right, you just have to know where to find them.
Sandra Barton
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Arbitrage means control and quick turnover of a commodity with the intent to generate an upfront profit. In other words become the middleman who facilitates the deals and contractually controls a home without the heavy cash investment-liability and micro management.
An example is when I control a home under a L/P contract and then either sell the agreement to another investor or the end user tenant/buyer for cash and /or a monthly cash flow note .
Be well-Claude
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I am familiar with assignments, but what are Arbitrage Assignments?
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Concentrate on doing Arbitrage Assignments. This is where you sell the agreement and profit up front and reduce your long term liability.
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Claude, you rock!
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How do you protect yourself in sandwich situations? If the seller stiffs you or there's a title problem you've got one very angry tenant/buyer ready to sue you for taking their money and not delivering a house when they decide to buy.
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Why not do a little due diligence on the title and make sure the title is clean ? Small effort for a lot of security.
A. Notarized the agreements
b. Record the agreement with property records
c. Open escrow.
cdmentor 4 years ago