The Naked Investor Forums → REAL ESTATE → Lease Purchasing Back to Lease Purchasing The Naked Investor Forums → REAL ESTATE → Lease Purchasing Taking an option Started by EQUITY NOTES, Jun 20 2013 05:18 PM marketing it, EQUITY NOTES Hi everyone, wow its been quiet here lately good chance to ask a question, if everyone is not on vacation I ran across an investor who wholesales multiple properties. i asked him for the right to take an option on a property (pure optionj) he said no problem he would sign one with me and does have some other properties coming up.He curremtly does not have a figure yet on some repairs but said they are not major and is looking for his repair people to get estimates on it. One thing is I do not know prices on repairs but he will get repair estimates for me. Knowing this would help me to market to end buyers or other investors interested in fixing and flipping a property. i know the area and its ok not a war zone etc. My question is should I do the option? He has other investors also who may try to move it. I feel I need the experience in marketing one of these and its local not more than a mile away from my home office. Do you think by marketing it with our normal free ads etc I can compete with other investors to get the deal. Thanks for taking the time to review this. Tom Posted 20 June 2013 - 05:18 PM MichaelC Tom, the first things you need to know is the value of the property as it currently is, then the cost of repairs and the after repair value. With that info then you are better able to determine if there is a deal there. If you target buyers are other investors you had better get that option at a rock bottom price or you'll never sell it. Posted 20 June 2013 - 07:38 PM Page 1 of 1 Taking an option - Lease Purchasing - The Naked Investor Forums 1/30/2015 http://www.naked-investor.com/forums/index.php?showtopic=8704

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Taking an optionStarted by EQUITY NOTES, Jun 20 2013 05:18 PM

marketing it,

EQUITY NOTES

Hi everyone,

wow its been quiet here lately

good chance to ask a question, if everyone is not on vacation

I ran across an investor who wholesales multiple properties.

i asked him for the right to take an option on a property (pure optionj) he said no problem he would sign one with me

and does have some other properties coming up.He curremtly does not have a figure yet on some repairs but said

they are not major and is looking for his repair people to get estimates on it.

One thing is I do not know prices on repairs but he will get repair estimates for me.

Knowing this would help me to market to end buyers or other investors interested in fixing and flipping a property.

i know the area and its ok not a war zone etc.

My question is should I do the option?

He has other investors also who may try to move it.

I feel I need the experience in marketing one of these and its local not more than a mile away from my home office.

Do you think by marketing it with our normal free ads etc I can compete with other investors to get the deal.

Thanks for taking the time to review this.

Tom

Posted 20 June 2013 - 05:18 PM

MichaelC

Tom, the first things you need to know is the value of the property as it currently is, then the cost of repairs and the

after repair value. With that info then you are better able to determine if there is a deal there. If you target buyers

are other investors you had better get that option at a rock bottom price or you'll never sell it.

Posted 20 June 2013 - 07:38 PM

Page 1 of 1Taking an option - Lease Purchasing - The Naked Investor Forums

1/30/2015http://www.naked-investor.com/forums/index.php?showtopic=8704