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Wholesale Lease Option And Realtor Deal

#1 User is offline   Lee Allen 

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  • Group: Dealmakers
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  • City:Birmingham
  • State:AL


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  • Niche: Lease/Options

Posted 16 September 2011 - 02:27 PM

One Real Estate Guru told me that you can make lots of fast money by wholesaling lease options on properties that is listed on the MLS or with a property manager.
How is the best way to handle a transaction like that when a Realtor is involved.



Example: If a house is advertised on the MLS that it is available for lease purchase with $5000 down and $1200/mo then how should I present a deal to the listing Realtor?

Would just tell the Realtor that my program works like this......
The buyer will pay me $5000 and I will give you 25% of what I collect to them.
The Realtor will get the first months rent.
The Realtor gets the balance of their commission when the house sells


Should I outline to the Realtor that my services are
1. Marketing the property
2. Screening the hundreds of buyers
3. Credit & Criminal background checks on buyer
4. Checking title to property to make sure there are no title problems
5. Sending buyer to a credit coach
6. Lining up permanent financing for the buyer.
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