CONFUSED HELP

[curiositygirl]

QT 1 — As a a new investor I am looking into doing lease option to buys but when i put the house under option to purchase as an investor am i supposed to put it under option for the current market value — or the sellers mortgage balance left over or for the equity that they have if there is any if there is any amount

qt-2 ---- I f the balance owed on a mortgage is more than current market value, do I stay away from that deal — or do I get and hold by sandwiching or renting cuz eventually market values will go up.

Qt 3 — is it better to sandwich lease or just rent out property to market goes up

QT 4 — Do I have to make copies of money orders being paid to mortgage every month when it gets time to get a loan ---- or the contract with seller and I is good enough

This stuff is hard I have 4 people willing to lease out their homes but I am a beginner and its like I am confused on the whole proccess

[defcon]

@curiositygirl post:1

QT 1 — As a a new investor I am looking into doing lease option to buys but when i put the house under option to purchase as an investor am i supposed to put it under option for the current market rent — or the sellers mortgage balance left over or for the equity that they have if there is any if there is any amount

depends on the scenario. i would market the full payments including principal, interest, taxes, insurance, HOA plus $300 for positive cashflow. i have a lease agreement that’s similar to a commercial triple net lease but its used in residential properties. this way i dont have to worry about landlording or negative cashflow since the intent is to condition the tenant/buyer to be responsible for everything.

qt-2 ---- I f the balance owed on a mortgage is more than current market value, do I stay away from that deal — or do I get and hold by sandwiching or renting cuz eventually market values will go up.

most would stay away which also means less competition for those that are willing to take on those overencumbered properties. id take them all day long, put them under a 90 day NON EXCLUSIVE OPTION agreement and just build inventory and a large buyers list. if i cant match them up, so what? it only cost me $1 for the option fee. this is how i built my 300 buyers list within a few months. just find sellers, propose a lease to own arrangement, agree to mutual terms, sign an 30-90 day option agreement so you have a vested interest to market the property and see if you can find a qualified tenant/buyer to assume your premium terms.

Qt 3 — is it better to sandwich lease or just rent out property to market goes up

personally i prefer to sandwich lease because i want to participate in any positive cash flow and an equity share on any principal reduction/future appreciation. either way, im asking for 5%-10% from the tenant/buyer before they get into a property

QT 4 — Do I have to make copies of money orders being paid to mortgage every month when it gets time to get a loan ---- or the contract with seller and I is good enough

3rd party collection servicing company should handle this. tenant/buyer makes payments to the 3rd party and they will record and send out copies.

This stuff is hard I have 4 people willing to lease out their homes but I am a beginner and its like I am confused on the whole proccess

send me an email and ill write up 4 full price offers on them

i have a 19 page FAQ i wrote up for both buyers and sellers to get them educated and informed