Qualified Renter To Lease Option
I have a pre-qualified family who has $10-15K to put down, but haven't been in the US long enough to establish good credit. Lease optioning a 2 bedroom home seems to be a great solution, but I need some advice on trying to identify a home to "control" or "purchase option." Any advice on best methodologies for identifying motivated sellers that want their mortgage payments taken over? HELP?
Any foreclosure would work, as long as it is assumable or your buyers are mortgagable. You can also look for sellers that already moved out of the area, or rehabs for sale by owner.
Hope that helps,
Kyle
That is useful advice, however, would you recommend cold calling on FSBO's? Best way to get public info on foreclosures? K
Kyle-
How many properties have you lease optioned and to what degree of success? Any techniques that are particularly successful? Cold calls? FSBO calls? K