Newbie Needs Help Selling Rent-to-Own
Hi everyone,
I'm taking the plunge with optimism and faith. I am new at this and don't know what to expect, but I'm not letting that stop me. Tomorrow I have an appointment with a seller to sign a contract to purchase his property on a L/O, my first step. My next step will obviously be to secure a T/B. So my question to you experts is, what are the best advertising techniqes that I can use to find a qualified T/B to fill the property? /What do I need to look out for? I have a clause in my contract giving me 30 days to secure a tenat but I would like to secure a tenant sooner.
Thanks in advance for your wisdom. 
Can I please get some feedback on this. I need your expert advice.
Thanx in advance. :-?
put an add in the paper re section "rent to own" underline it with "bad credit ok" or "no banks" this will get the t/b's attention. what you need to look for is the one that pays the "most" money for option consideration gets the house.......km
if you are sure you have a l/o contract in place you can start interviewing t/b's now. you can have t/b's before you have a l/o under contact have them on a waiting list.....km
I'm new to it too and i've definitely have had the best luck with the good 'ole newspaper ad.
Thank all of you for the expert advice so far, pls keep 'em comig.
Thax.
We have actually had the most success with signs if the home is in nice shape and has good curb appeal. I've had 10X the number of calls from my signs than with the ad I have in the paper. Try REISIGNS (look for them on the web) they have some nice options. Basically I put directionals in nearby intersections to lead folks to the house, then put several signs in the yard. The phone will ring, I promise you. Screen your T/B VERY CAREFULLY as in some states, the L/O contract gives them interest in the property and you may have to foreclose instead of evict.
Thx again for all the great advice. Pringle what you are saying makes sence, today I signed the contract and immediately put a sign on the yard and by the time I got home I already had a couple of calls and set an appointment for tmw
You guys are great.
1LUV