So I have someone who contacted me about finding a home to rent for about 1K a month looking for a 3/2/2
I don't really know what I can do for the, if anything. I asked my Real Estate agent to send me a list of properties surrounding the area around that price range. Can I help this person and get paid? Like a Wholesale? Or is this only by selling them a home?
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contact these potential renters and see if they have ANY down payment for a rent to own ??o put them into it for a fee for you or YOU yourself can find a deal for less and rent to own to them....or? if they do have a down pymnt then find an investor in the area they r looking for and negotiate a fee for bring a rent to own buyer to them
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Thank you! I will get on that asap!!! Thank you for the heads up
You could look in CL, local papers, local pennysavers for that area for their criteria and tell them you have a lead for a tenant for them and get paid a birddog fee. Also, try property managers, and see if they would give you a finder's fee for bringing them a prospective lead.
Thanks for the info. haven't thought about that. I'll look around for that too. thank you
My suggestion would be to combine the 2 suggestions given. I would look for a rental unit using craigslist, local papers etc. and then look into a sandwich lease. Keep in mind that the area will need to support the amount that you will be charging. For example, If you find a place that rents for $1000 per month and you want to rent it to your renter for $1200, you need to make sure that you have not priced yourself out of the market. In addition, make sure that there isn't a clause in the rental agreement that prohibits you from renting the place out to someone else.
Sandwich leases can be a great source of monthly income for you, as long as you have done your homework.
Good Luck
You can find anything for anyone looking and get them to it, its a free country so far
Best Regards,
Anita
(Licensed Realtor-Military Vet-9/11Vet)
****
A self-directed realization for 2014 is to:
Live life as if always on vacation and have all the good health, time, & wealth to enjoy it.
Work, only when and IF desired. Helping others do the same. It Pay$ To Connect!
Always In Gratitude.....
As mentioned before, you can do a lease-purchase.
If you find someone who is willing to Deed their house over to you as long as you take over their payments (usually this would be someone who really needs to sell but has been unable to and doesn't want to have to keep paying the mortgage payment). You want to make sure the mortgage payment is less than the amount of rent that your renter can pay.
Then you get your renter to give you a Non-refundable option deposit (whatever amount the two of you agree on $1,000 - $10,000 for example).
Then the renter rents the property with the option to buy the house at a set time for a set price (usually 3-5 years from now for about $10,000 - $20,000 over whatever the original homeowners owe on the house).
Hope this helps,
Stephan Roberts
"In absence of clearly defined goals, we become strangely loyal to performing daily acts of trivia!"
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