Superlative Info

By Randy Ngan

Pick what you can do with your financial capabilities don’t jump for strategy to strategy

Create team first

Need to find for sale by owner house.

No balloon mortgage

Find Buyers:

1. Investment buyers: must be able to close in 2 week with cash
2. Tenant buyer list: Option lease can put down payment and monthly payment over market value because they want to own home ( credit some payment when they exercise lease option contract to buy house)
3. Find for sale by owner
4. 1^st call ask if the house is still available and listen
5. 2^nd call ask tough questions about how much they behind

To sale:

1. • Post for sale by owner
   • Tenant moving
   • Owner will finance
   • Rent to own
   • Add 200 above management cost

Advertise:

• Craigslist ghost ad
• Bandit signs
• Flyers
• Google ads
• To Find Investment buyer (50% off Fair market value, desperate owner, must sell fast)
• To find tenant (Must have down Payment, Owner will finance, rent to own)
• To find house ( we buy houses any condition backed payments okay)

Lease option purchase write in contract:

• 30 day contract Purchase at loan balance owed and lease at their monthly payment.
• Let tenant know (what if we make your payments and catch up on backed payment)
• Have house preset at Fair Market Value when it is sold to tenant buyer
• Always do title search then lock up property around $150

Random Notes:

Ask seller to sign Release of mortgage information sheet when option contract signed.

Make them sign deed over contract clause to protect seller (if you don’t do what is discuss everything goes back to original home owner)

Deed have to transfer into your name before you can sell house to someone else

Low income government assistance disappearing can only crage you full intest on lone balance amount.

Need title in your name for X amount of days before you can do closing