Advantages / Disadvantages of Sub2 / Lease Option

[Vshal]

Guys,

Even if I don't get the deal it doesn't matter, atleast I need to go out and speak to the sellers in order to learn what can be their expectations, how to tackle them, how to answer their questions.

I think this is a start of it atleast I will over come the fear of talking with the sellers which most starting off investors have isn't it.

Thanks
Vishal

[$Cash$]

Vshal,

You are correct it is important you get out and get face to face, but what you say makes the difference, however let us know how it went.

We are pulling for you.

John $Cash$ Locke
 

[Vshal]

Hey Cash,

Thats some inspiration, appreciate.

Since what you say makes the difference, I did ask for it "what should I say / talk to the seller" any inputs ?

I know its the money game & I am not too good at it at the moment but I will learn I know I will learn, doesn't matter what it takes I will play the game and play it right.

Thanks,

[Jeff Pitcrew]

Vishal

John's right. It's what you say. And it's hard to learn in a day. Trust me on that one. John knows what to say, and passes it along to his students

[Vshal]

Hey Guys,

I met the seller, the house was so impressive I cannot express the location is excellent but sadly the seller is not ready for a lease option. They want to move to a bigger place so they want to sell this house ( I know thats not exactly a motivation for a lease option or sub 2 deal ) & they are open to offers.  

I learnt a lot today, not every seller will want a lease option, they did like the idea of lease option but they said that in this part of the world this strategy wouldn't work so I just kept shut. Since its the sellers market no one would entertain a lease option / sub 2 deal & that if they list the property it will get sold in days. I did reply to that saying that yes it will sell but then what equity you have in the house half will be taken away by the realtor.

The meeting was very interesting I really had a good learning experience today, though discouraging it hasn't put my spirits down instead I am more excited about making it happen as the seller said "If you get a deal like that, please do let me know"  so I want to let them know that this works.

Any commments, criticism anything at all is appreciated.

Takecare guys,
Vishal

[Vshal]

hello again,
So
thats my story for now, i am currently reading some material after which I will read the ZigZiglar book mentioned by Cash & next John's courese.
Im I in the right direction here ?

Takecare,
Vishal

[$Cash$]

Vshal,

Read Zig's book then see if you beleive you can move forward with what he teaches and apply the basics to creative investing.

John $Cash$ Locke

[Vshal]

Hey Thanks Cash,

I am definately moving in the right direct & will let you know about my progress

Vishal