Lease Option Buyers

[REbuyersgroup]

Does anyone know where to look for buyers/renters who would be interested in doing lease options in West Palm Beach Florida and Stuart Florida?

An investor of mine just purchased 18 units in a townhome community. He will hold the note on the property and 80% of their rent goes toward the equity. 3 year term.

No inflated pricing.

Buyer will need 1.5% Deposit
Contract for purchase at Appraisal Value w/8% per year increase during option period.

[Greg]

Run an ad in the rental section of the local paper. Your biggest job will be weeding through the riff raff.

[bronsonb]

I do a lot of these kind of creative deal lately and I just run ads that say no bank qualifying. I get great results everytime.

[jessiesc]

Run an ad in the rental section of the local paper. Your biggest job will be weeding through the riff raff.

I agree with this suggestion, and I'll add a bit to it:

Have an open house for a vacant rental.

2 things this provides:

1. Possible renter/lease option buyer
2. Possible new buyer contacts

We do this for some of our rentals with very good results!

Best of luck.

[REbuyersgroup]

Thanks. We will start running some ads to generate lists. I also heard that going to the local Housing Authority may be helpful.

[FlatFeeKing]

craigslist, and call the local investor heavy mortgage brokers to see if they have some email database they can mail out to

[Portland Real Estate Guy]

Is there another agent involved or is it just you.