Lease Option Fee
I signed an Lease Option with Seller and assigned it to my buyer for a fee. My Lease Option with Seller mentioned price, rent and stated that I plan to assign it ; seller has the right to approve new buyer. The new buyer signed and Lease Option with seller. Seller was happy and asked me to find similar Lease Option tenant buyers for 2 more properties; they gave me a good testimonial.
After a year their attorney send me a letter asking me to return all the fee I received from my buyer! His letter mentions that my Lease Option with Seller does not mention what "fee" I should get and if this goes to court at best I would get 1 month rent as fee
[ Edited by SKrei on Date 12/01/2010 ]
You did this entire transaction completely wrong from start to finish. May I ask how much of fee you received frrom the T/B?
[addsig]
Got $5000 from tenant buyer; gave $1500 to seller
Try http://www.propbot.com or go to your "My PropBot" page and press "My Properties"
John (LV)[ Edited by joel on Date 05/18/2012 ]
Craigslist works, too and is also free.
[addsig]
When you log on there is a button on the top left of the page that says "My PropBot".
Click on that an you will get to your profile. Then click
"My Properties".
John (LV)[ Edited by joel on Date 05/18/2012 ]
this forum (propbot)
craigslist
backpage
ebayclassifieds
hotpads
postlets
facebook
twitter
[ Edited by real_estate_now on Date 02/13/2011 ]
www.owners.com will let you post for free with one pic.
This is a great list! Thanks for posting them!!
[addsig]
I would give a short yet effective strategy, engage your self in social media marketing since they are easy to use and free.
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[ Edited by joel on Date 02/28/2012 ]
For Online Marketing there are several online websites like classifieds, social media web pages where you can easily promote your properties. The list is already shared by one of the member.
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[ Edited by Smriti on Date 05/18/2012 ]
Here is the link to start listing your property for free:
http://www.propbot.com/modules.php?name=Properties&file=add
You can submit your property into local business directories and choose the appropriate category. Some of the forumers here, already give ideas that you can consider including this forum site of course.
[addsig]