Lease/Option Higher End Property...don't Know How...
I have a great property under contract for a lease option. Worth $300,000, owner wants $264,000 and will put in $500 every month towards mortgage payments, which means I would only be paying $1500 month.
How in the world can I market this and get it filled. What would look for in regards to option money and monthly payments?
The biggest question is how do I find a tenant buyer without spending tons of dough. The paper here costs like $600 bucks for the weekend and there is no penny saver or thrifty nickel.
Any advice?
Thanks,
Christian "The Solutions Kid" Beebe
[addsig]
WAY TO GO CHRISTIAN!!!
I wrote an article that could help it's entitled:
"How to Get A Luxury Home For FREE Every Month?"
Go to TCI Article:
http://www.thecreativeinvestor.com/modules.php?name=News&file=article&sid=225
and READ the Part about locating a Tenant-Buyer (RB).
Also You could structure the deal at FULL-PRICE + 5% from your Tenant-Buyer(RB)
WHAT IF YOU CAN'T FIND A 'BUYER'?
You can additionally Advertise it as a "TAX LEASE" for big buck earning individual whom want the Chic home but don't want to be tied down just yet!!!
As an Inventive place the property within a Trust and then Mkt it for PAYMENTS HIGHER than RENT in return for the TAX BREAKS!
PM me and I'll show you how to Mkt/Structure this puppy and get it unloaded in a few weeks! Spendng only a little Flyer & CHEAP classifieds Ad money!
I hope this HELPS!
Derrick
Wait, no PMing!! I want to see how this is done!
Lease Optioning isn't something that I plan to do just yet, but when I venture that way, these kinds of properties are exactly what I'll have most available to work with...
I just place an ad in the paper. same as with any other property. The calls come in and I put someone in the place.
Someone is always looking. Unless you are riding the tip top of the price ranges then you shouldn't have a problem.[ Edited by thomasgsweat on Date 11/25/2003 ]