Today I take some time to cover your real estate questions. I discuss lease option investments and investing remotely in other states or internationally. I also talk about possible reasons a buyer disappears on you, and what you can do about it.
Is it possible to invest across state lines or even internationally? It is absolutely possible. And it is also possible to invest in the US from other countries. The key to investing from afar is having a solid partner that is local to the area you would like to invest in. If you are investing in other places, first prescreen the leads and then have your partner on the ground go to the property, inspect it, and get it under contract. Then, when you turn around and sell it, you split the profit 50/50. How do you know the wholesaler isn’t going to go and do deals behind your back? Pick an investor/wholesaler that you trust and have vetted, and then pick the market. Also, have a shared CRM and be clear that you both have access to, and all the paperwork/info is to be done in the CRM. You are the one finding and prescreening the deals, so they aren’t going to double-cross you. They will be thrilled to be handed these leads. You need to be talking to your partner every single day and checking in.
What should you do if a buyer goes dark? The truth is, if a buyer backs out, it may not be a good deal. Make sure when you get your property on the market, it’s for a good price. You might have five or six buyers interested, and that’s a great thing in case your original buyer backs out. A buyer might back out because they’ve taken a look at resale value, repairs, and rent and have decided they don’t want to take the property on.
If you are just starting out, start with my first course Simple Lease Options. I am in the process of consolidating all of my programs into one place. If you don’t have access yet, need to know where to start, or have any questions at all send an email to firstname.lastname@example.org or text (636)249-1510 and be sure to provide the email you used to purchase the course. My team is great at answering your questions and getting you on the right track.
Watch and Learn:
Listen and learn:
- Are lease options good for lien sales?
- What can you do if a buyer backs out?
- What training is inside Freedom Soft and how do you find it?
- What is the difference between Freedom Soft Plus and Freedom Soft Max?
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