OfflineAssume I have a contract with a lease option seller and its time for me to market the property to my potential lease option buyer.
I know between the seller and I (the seller is the landlord and I'm the tenant) and between me and the my buyer (I'm the landlord and my buyer is the tenant).
Here is my concern what if my tenant buyers ask me if I'm the owner of the property since my name is not yet on the title but I'm the trust of deed.
What am I suppose to tell them?
I would really appreciate a response to this
favorite quote for today "You are never too old or young to start investing."-Wendy Patton
TC
Miami Florida
"If you are not doing something that help the universe or God or your family, or YOU, is that something you should still be doing?"-Dean Graziosi
"Each day do one thing to get you closer to your dreams because if you do today what others are not willing to do, then tomorrow you can do those things that others are only dreaming about doing!"- Joe Jurek
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Tell them you have the property under contract with the right to sublease it.
This will rarely be an issue that you will have to contend with. Be careful not to over think things. It is natural to do it at first because we want to be prepared but it can also open the door to fear.
Karen
"You're never too old to be what you were meant to be!"
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Ok great. I appreciate your advice.
I was just curious just in case I come across an issue like that in future
Like Dean always taught us to line up our goals, actions, possible problem which might arise, then knowing the solutions in advance already to the problems.
So I guess my question falls under the category of the problems which might arise.
I'm never going to fear stop me from achieving my goal. I love the fact that each day I always learn something new from DG.com which has been like my bible since day in my REI business
Thanks for your time responding back
Good luck in your investing
favorite quote for today "you are never too old or too young to start investing." -Wendy Patton
TC
Miami Florida
"If you are not doing something that help the universe or God or your family, or YOU, is that something you should still be doing?"-Dean Graziosi
"Each day do one thing to get you closer to your dreams because if you do today what others are not willing to do, then tomorrow you can do those things that others are only dreaming about doing!"- Joe Jurek
Follow me on my road to being a BILLIONAIRE http://bit.ly/1q7aOFX
Go LIKE my official facebook page http://on.fb.me/1qQGO6i
I would agree with Karen,when you get it under contract and you have the right to sublet,its yours to lease out that simple.
Good question tho
Aaron-n-Suzy
I never really stopped to think about that; although I have not done a L/O yet.
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
Thanks..
Best wishes in your REI
TC
Miami Florida
"If you are not doing something that help the universe or God or your family, or YOU, is that something you should still be doing?"-Dean Graziosi
"Each day do one thing to get you closer to your dreams because if you do today what others are not willing to do, then tomorrow you can do those things that others are only dreaming about doing!"- Joe Jurek
Follow me on my road to being a BILLIONAIRE http://bit.ly/1q7aOFX
Go LIKE my official facebook page http://on.fb.me/1qQGO6i
Thanks for weighing in..
All the best in your investing
TC
Miami Florida
"If you are not doing something that help the universe or God or your family, or YOU, is that something you should still be doing?"-Dean Graziosi
"Each day do one thing to get you closer to your dreams because if you do today what others are not willing to do, then tomorrow you can do those things that others are only dreaming about doing!"- Joe Jurek
Follow me on my road to being a BILLIONAIRE http://bit.ly/1q7aOFX
Go LIKE my official facebook page http://on.fb.me/1qQGO6i
If you create rapport with the seller, and he/she is on board with you doing a L/O on the property, you will feel at ease when you talk to prospective tenant/buyers; you can say that you're the seller's partner, and you will oversee the L/O because you are the expert. Make sure you're honest about the deal with everyone involved, and don't make empty promises that you cannot fulfill
Valerie
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