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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Tenant Buyer Strategy Posted by Monrovia Dave on June 10, 2009 at 11:48 AM Dear Forum Members, I'd like you opinion on a Tenant Buyer ,Lease Option Strategy.I'm told I can set up a system whereas I can market for and locate a "tenant buyer" someone with great income but not so great credit ask some qualifying questions ,ask him to pay 3% of the house value as option consideration. Than find a seller with an expired listing or for many reasons can't sell a house.I to help him sell on a lease option ,it can't be an ARM loan. I then collect "an assignment fee" which is half of the original #% option consideration.Is this a feasable investment strategy in California.I've already ran this buy several people including an experienced RE Attorney who owns property who definately does not like.He say I have to be an RE agent to do this ,I'm open for all kinds of liablity and lawsuits if the deal goes sour or either the buyer or the seller become angry at me. I know any professional has a conservative or liberal viewpoint.But I also know there is Real Estate Law and Commercial Codes out there and I'd be foolish to avoid them. Now I'm in a quandry as to whether or not pursue this at all even though I spent many hours and dollars and buyer and seller websites,print pieces etc.Or should I drop the ball here and pursue a more feasible strategy.Any help or advice would be greatly appreciated. Monrovia Dave Follow Ups: Re: Tenant Buyer Strategy BTI 6:29 PM, 06/21/09 (0) Options Rick, the Probate Guy 10:37 PM, 06/10/09 (3) Re: Options monicaCA 11:53 PM, 06/10/09 (0) Re: Options MonroviaDave 11:27 PM, 06/10/09 (1) Re: Options Rick, the Probate Guy 7:18 AM, 06/11/09 (0) Re: Tenant Buyer Strategy dond 2:39 PM, 06/10/09 (4) Does this strategy involve a land trust? CC in OC 8:05 PM, 06/10/09 (0) Re: Tenant Buyer Strategy john 7:11 PM, 06/10/09 (2) Re: Tenant Buyer Strategy JK (the other JK) 7:50 PM, 06/10/09 (1) Re: Tenant Buyer Strategy Dawn 4:38 AM, 06/11/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Dear Forum Members, : I'd like you opinion on a Tenant Buyer ,Lease Option Strategy.I'm told I can set up a system whereas I can market for and locate a "tenant buyer" someone with great income but not so great credit ask some qualifying questions ,ask him to pay 3% of the house value as option consideration. : Than find a seller with an expired listing or for many reasons can't sell a house.I to help him sell on a lease option ,it can't be an ARM loan. : I then collect "an assignment fee" which is half of the original #% option consideration.Is this a feasable investment strategy in California.I've already ran this buy several people including an experienced RE Attorney who owns property who definately does not like.He say I have to be an RE agent to do this ,I'm open for all kinds of liablity and lawsuits if the deal goes sour or either the buyer or the seller become angry at me. : I know any professional has a conservative or liberal viewpoint.But I also know there is Real Estate Law and Commercial Codes out there and I'd be foolish to avoid them. : Now I'm in a quandry as to whether or not pursue this at all even though I spent many hours and dollars and buyer and seller websites,print pieces etc.Or should I drop the ball here and pursue a more feasible strategy.Any help or advice would be greatly appreciated. : Monrovia Dave [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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