L/O Newbie With A ?'s For The Vets....
just a couple questions.......
i've got a general rule of buying at .80 cents on the dollar.......should I do this at FMV or at their asking price??
I havn't made an offer like this yet to an owner but i've got a prospective seller. she just moved and has the 2 payments....you know how the rest goes...
what's the best way to approach someone with a L/O or owner financing for that matter?? show them where they'll be making more?
Thanks peeps........
I don't haggle that much over price; if it has been on the market a while, the sale price could already be 90-95 percent of FMV. I can actually pay FMV (if need be) and make money with a properly structered L/O.
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I assume you arn't "leaseoptionking" for nothing. Property values are fairly low in my market , averaging only around 100K or less.
Do you do any mentoring at all or take assignments from l/o's that are already going?
I would consider an assignment, but only in my local area.
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