Lease/option
Does anyone know of any websites that possibly have homeowners willing to lease/option to buy 6-8 unit buildings in Chicago. I have around 5-7k to invest. I checked around myself in paper different websites and with realtors unable to find anything. Maybe they are far few and inbetween and just like myself I wanted my cash up front.
You could place a local ad in Real Estate Wanted that says something like:
Want Income Property
Immed. offers made
on 6-8 units 555-5555
A quick search for "board hustling" (in quotes) on google turned up this link:
http://www.thecreativeinvestor.com/ViewTopic24479-15-20.html
Frankly, I thought something smelled when you appeared and posted like 30+ messages in less than 2 days, but that's another story. Nothing personal, I don't know you. But every time I've seen it before, it's not turned out well.
Just trying to help out. I actually spend less than an hour total here per day (off and on). Most of the questions are pretty simple stuff. Here is what that Post said. If it offends anyone, feel free to delete it again.
http://www.dre.ca.gov/disclosures.htm
Per California statute, the following disclosures, if applicable, are required for and apply to: "any transfer by sale, exchange, installment land sale contract, as defined in Section 2985, lease with an option to purchase, any other option to purchase, or ground lease coupled with improvements, of real property or residential stock cooperative, improved with or consisting of not less than one nor more than four dwelling units.":
Notice of Division Occurring On or After January 1, 1978
Notice of Division Occurring Prior To January 1, 1978
Real Estate Transfer Disclosure Statement (required as attachment):
Former Federal or State Ordnance Location Disclosure
Natural Hazard Disclosure Statement (required as attachment)
Blanket Encumbrance Disclosure
Disclosure: Area Affected By Or Zoned To Allow Industrial Use
Additional Disclosure Notice: Database of Sex Offenders
Thanks for posting that thread. I just read it. I've never posted on anywhere on the Board my e-mail, any commercial Web site, or any message even remotely hinting at "PM me," "e-mail me," "call me," or anything else. I had one person ask me in a Post on the Board if they could PM me or talk direct with me, to which I replied in a Post on the Board, "Better to ask here, so others can learn." Have I received PMs? Sure. Not a lot, but I have gotten a few. And I, like Mr. Locke, always do my best to answer the questions in the same concise, informative, and noncommercial way that I do here on the Board. I do post a lot, but no one has e-mailed me or notified me that I'm a Hustler. I am just curious as to why that one Post was deleted, or if it was a mistake in judgment on someone's part. Maybe I'm breaking the rules. If so, let me know. "I don't want no trouble, pardner." *tips cowboy hat*
Hi, NC! I see that you posted while I was typing my last reply. Glad you are helped by my words here. Seriously, if anyone here thinks I'm ever at all secretive, vague, or not informative/helpful in any way, please tell me, so I may adjust my behavior (aside from posting a lot, that is).
don't worry 'bout it lok i've been "bumped' twice for advertising and i was doing the same thing, just trying to help. "it don't hurt" the powers-at-be are pretty strict about it and really it's agood thing. they are just trying to protect......kenmax
In your username, you claim to be the Lease Option King.
WIth that combined with numerous posts, and addition to PM me or email me will get you thrown into TCI Jail for board hustling.
I didn't even know about BH until more experienced forum participants started talking about it. And yes Kenmax is correct. We are pretty strict.
The Forums are made for one thing - documenting problems and solutions.
Thanks to everybody who is helping out moderating the forums, and reporting suspicious posts.
That makes sense; however, I have never once said to PM me or e-mail me. Never. And even though I post a lot, I always try to be to-the-point, brief, informative, and helpful. I've been doing this since 1995, so I think it's clear that I have some foundational knowledge about the topic, which I gladly share with others whenever I can. I stay out of the other Forums for the most part, because I have little experience in other facets of real estate. I guess I could have chosen a better name, though. Now that I look at it, it does look egotistical. What does it cost to change my Username? I actually think someone in the powers-that-be may have a grudge against me (because that Post broke no rules), but that's an argument that I know I can't win. As they say in college, "Don't argue with the pen that writes the grades." So, I'll just keep on helping, answering, and sharing as long as I can (before I'm probably sent to TCI jail). *peeks out from behind wall*
Joel, I still don't know why that Post was deleted (or the other one). What concerns me is that it said "board hustling" for the reason in the e-mail I received. Anywho, thanks for clarifying what board hustling is. As for the numerous Posts, I would hope that content (and the quality thereof) is considered. I haven't provided any problems that need solving, but I think I've done a decent job of providing some answers (or at least my take on things that others can weigh, judge, tailor, and/or modify).
You can't write something like. 'email me at **Please See My Profile** Aren't we allowed to converse with each other outside of here?
Di
Rules are there for a reason. I hear that there has been some trouble in the past, so I understand why the rules are needed. Actually, I have been treated quite cordially by everyone here. It's not easy running a BB of this size. I also sympathize with the Administrative side of the issue, as I run a very large BB myself (astrology related). The more traffic you get, the closer things have to be watched. No worries!