As part of my lease option training I teach my students that when you are negotiating with a seller on a lease option deal you’ll find that all sellers have a sticking point. Lease option sellers will have something that means more to them than anything else. Find out what this is so that you can structure a deal that makes them happy while simultaneously meeting your requirements for profitability.
For instance, the price of the home may be more important to some lease option sellers than when they receive it - this can allow you to structure a longer term lease option deal.
Other lease option sellers might want a very specific monthly payment to cover their mortgage nut, but their overall price is negotiable.
Work with each seller to understand what makes them tick, so that you can tailor your lease option offer to suit them best.
More tips at : www.JGage.com
Friday, April 30, 2010
Tuesday, April 27, 2010
Real Estate Investing: Real Estate Reminder
Hello All:
Just a quick reminder for those who are trying to sell a property. The first time home buyers credit of $8,000 will end this month! So that being said all contracts must be executed by April 30, 2010, and closing must happen prior to July1, 2010.
Also, the $6,500 Move-Up / Repeat Home Buyer Tax Credit will expire on April 30, 2010 as well.
Good luck and happy investing.
James Gage
Just a quick reminder for those who are trying to sell a property. The first time home buyers credit of $8,000 will end this month! So that being said all contracts must be executed by April 30, 2010, and closing must happen prior to July1, 2010.
Also, the $6,500 Move-Up / Repeat Home Buyer Tax Credit will expire on April 30, 2010 as well.
Good luck and happy investing.
James Gage
Thursday, April 15, 2010
Breaking Real Estate News: Foreclosures
Hello All:
I have some breaking news for you on the real estate investing front! Foreclosures for the first quarter of 2010 are up 19% according to CNBC!
You maybe asking yourself how can this be, when the stock market is rallying and breaking the 11,000 mark. Well, it’s simple! Most of the money coming in to the stock market is foreign money, looking to make a quick buck on this temporary stock market rally. Remember, also today we were told that unemployment unexpectedly increased – yeah right.
So what does that mean to you the investor? It means the 3rd wave of foreclosures I have been predicting is starting to come to pass. As always, in any cycle, there is opportunity to be found, if you just look. There will be more short sale, assignment and lease option opportunities for all of us to make a boat load of cash; if you know what you’re doing….
To learn how to benefit from this cycle, click here and sign up for my Free Newsletter.
Until next time, may all your deals be profitable.
James Gage
I have some breaking news for you on the real estate investing front! Foreclosures for the first quarter of 2010 are up 19% according to CNBC!
You maybe asking yourself how can this be, when the stock market is rallying and breaking the 11,000 mark. Well, it’s simple! Most of the money coming in to the stock market is foreign money, looking to make a quick buck on this temporary stock market rally. Remember, also today we were told that unemployment unexpectedly increased – yeah right.
So what does that mean to you the investor? It means the 3rd wave of foreclosures I have been predicting is starting to come to pass. As always, in any cycle, there is opportunity to be found, if you just look. There will be more short sale, assignment and lease option opportunities for all of us to make a boat load of cash; if you know what you’re doing….
To learn how to benefit from this cycle, click here and sign up for my Free Newsletter.
Until next time, may all your deals be profitable.
James Gage
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