The LEASE OPTIONS Seller Avatar and How You Can Find Them!

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3 years ago
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The avatar for lease options deals ultimately fall under two categories - For Sale By Owner or For Rent By Owner sellers. These are people who have the need to sell their property but have had no luck since they listed and that’s why they agree to lease options contracts!

Watch this video to learn more about the sellers that are perfect for lease options and what makes the process work for you as the investor, the sellers, and the buyers!

Key Talking Points of the Episode

[00:00] Introduction
[00:16] What are the best ways to find sellers for lease options?
[01:05] How can you find FSBO and FRBO listings?
[01:54] What does a lease options deal look like today?
[02:28] How does a showing for lease options buyers go?
[03:45] Why is it better for sellers and buyers to meet?

Quotables

“A true for rent by owner falls under two categories - they’re either an accidental landlord or they’re an investor. Either way, I wanna talk to them.”

“An accidental landlord is someone who rented the house for Plan B, now they’re an accidental landlord. They didn’t mean to be a landlord, but now they are.”

“You can send them a text message because they’re already out there, marketing their property, they are looking for calls.”

“One of my favorite methodologies, which is something I’ve done for a long time and we’ve kinda mastered, is direct mail to listed houses on the MLS.”

“The longer they are on the market, the more desperate they become.”

“From the time we get a contract to the time that we assign it, the ballpark is 45 days.”

“When we have people that we’ve filtered through and prequalified, and they wanna see the house, I’m gonna call Mr. Seller and see what works for them when we see the house because I want you here.”

“Keep in mind, this buyer is gonna be living there, they’re gonna be working with the seller for 10-12 months, making payments and I want them to meet if possible and build that relationship.”

“When the buyer and seller meet each other and they realize the commonalities and build a relationship, now the seller wants the buyer to have this property!”

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