Lease Option Class students reveal rent to own secrets!
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What Do You Do If The Seller Wants The Lease Option Fee?
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I´M LOST...IF THE SELLER IS WANTING 10% DOWN FOR AN LOS, WHY CANT THE BUYER
WHO KNOWS THAT A DOWN PAYMENT WILL BE REQUIRED TO RENT SAID HOME PAY A DOWN
PAYMENT? LETS SAY THE HOUSE IS 100,000 THE SELLER WANTS 10% 10,000 THE
BUYER WHO KNOWS THEY DO NOT HAVE CREDIT AND NEEDS AN LOS TO GET THEIR HOME,
SURLY WILL HAVE A LARGE AMOUNT OF MONEY TO PUT DOWN. SAID PAYMENT GOES TO
THE SELLER AND CHARGE WHATEVER FEE FOR YOU YES? MATTER OF FACT, WHY NOT
CHARGE THE SELLER AS WELL A FEE?? WHY DOES THE SELLER GET OFF SCOTT FREE AT
PAYING NOTHING?? THE NORM IS 6 OR 7% 3 OR 3.5% PER SIDE AS AN REAL ESTATE
FEE... SEEMS WE WOULD BE MISSING OUT ON A LOT OF BUSINESS IS WE ARE ONLY
LOOKING FOR 1,000 - 2,000 BUCKS AS A FEE FROM ONLY THE BUYER. ALSO, MOST
SELLERS NEED SOME MONEY SO THEY CAN MOVE TO ANOTHER HOME, AND NEED SOME
KIND OF MONEY TO DO SO. I HAVE DONE MANY DEALS WITH THIS TYPE OF METHOD AND
IT WORKS OUT FINE, JUST MORE MONEY IN YOUR POCKET.. SELLER IS HAPPY, BUYER
IS HAPPY AND YOUR HAPPY..WWW THE 3 W'S..HELP ME OUT HERE PLEASE, I'M LOST
BECAUSE WE WOULD BE STEPPING OVER THESE POTENTIAL CLIENTS JUST BECAUSE THEY
WISH TO PUT A DEPOSIT DOWN? OR THE SELLER REQUIRES A DEPOSIT OR REALLY, A
DOWN PAYMENT..THANKS! ANTHONY