OfflineGood day, DG family. I am coming to you today with a two-part question. I have gathered number of I have gathered a number of FSBO & FRBO numbers with good potential which I will begin working on next week. I also plan to attend some open houses on these properties, if possible. My plan is to lease-option or wholesale in my strategizing. if I am able to lock some of these up under contract I then become the one arranging open houses, correct? (That can't be easy, right?) Also, is it possible for the owner to sell/rent the property while orchestrating B to C? All responses are appreciated.
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Anybody...?
"Bueler..."
Not too sure about the answer to you question, but I also want to know.
"You deserve to be successful"
Gabriel Do Carmo
www.gdc.usapropertywholesale.com
If what your asking is : once under contract yes you would be doing the open houses. When under contract say to wholesale a property the contract gives you full right to advertize and resell property. Make sure contracts are pertinent to area (your state) and situation (wholesale,(assignment of contract)lease option etc.)
2nd question: A=property owner, B=you, c=tenant buyer. Can A rent or sell while orchestrating B to C ? Typically no. Again once property is under contract you basically CONTROL the property. Contracts can be tweaked to preference. You can have clauses written in to allow A to keep partial control if you prefer. Make sure you know whats in your contract.
Hope this helps.
Success in REI
Garold
Thank you, Garold. Maybe there are some contencies I can put in the contract to make sure the customer can't still sell to someone while I'm getting my buyers to look at the property.
When you have a property under contract you can advertise it all you want which is one of the points of doing so.
So do advertise it on Craig's List or any way you want other than listing it with an agent. If the owner will allow open houses advertise them locally and go for it.
You would also want to advertise said property on your website. Don't have a website? Now is the time to get one and get it on your business cards.
Finally make sure you have in your contract with the owner the ways you can advertise and they have signed off on them.
Randy Bailiff
Dean Graziosi Real estate Investment Coach
Yes, We love lease options but you should try to have a lease/option buyers list already so that when you get a property under contract,you have a tenant/buyer ready to go. Put out bandit signs and advertise on craigslist.( Rent-To-Own Low Down-Easy Terms-problem Credit OK. Call 123 4567). You definitely want your agreement to state you have the right to access the property to show partners,contractors and penitential tenants prior to closing. Also state that you will be advertising the property (including a sign in front of the prop) at no charge to the seller. If you need more help PM me .
Good luck!
Success to All!
John Wakefield
John and Julie Wakefield
JCW Properties, LLC
Thank you John & Randy. I also wanted to know if there should be any key contingencies to make sure are in my contract when using FSBO/FRBO lease-option or subject-to strategy?
Question I have a few end buyer's, but I would like to know
how to make money when properties are on the MLS. Example
I have an Realtor who just sent me his listing, if the price
of an sfr. is listed at 35K, how do I make my money from their
if listed, help please. P.S. New To Investing