Cfd Vs L/o
I just got $cash$ training manual and notice that in johns opinion, the best way to sell is on cfd. In previous posts Ive seen discussion on how its better to do a rent to own b/c you can evict rather than forclose... Is there a concensus or just a matter of preference?
There is no consensus. It is both a matter of preference and state specific. Some states make it appear harder to evict on cfd, others make it easier than for leasee eviction.
The main difference is: Do you want to sell (cfd) or rent (l/o)? There is more profit potential in cfd.
i was always under the impression they are pretty similar in profitability, as long as your getting a down ( or option consideration around 4-7% ) then marking up the purchase price at the end of the 2 yrs or whatevere the term is, am i missing something?
mfparks,
OK here's the deal when you get your first deal and are ready to sel it, just call me with the details and I will advise you on what process to use to sell the property.
Now in the 500+ deals I have done, they were done with a CFD and I never had to do a Judicial Forclosure to get the buyers out. So you see I don't really care about anyone elese's opinion, because if I listened to everyone else's opinion I would still be still be looking to do my first deal.
It is known as "Information Overload" and it is contagious and probably is the biggest reason most investors fall by the wayside.
Talk soon,
John $Cash$ Locke
[addsig]
point taken... your right on with the info overload,,,,
Speaking of info overload!!!!!!!
My husband and I have been involved in REI for about 7 months now. We did our first deal, which was an apartment bldg puchase. Great cash flow - but now we are at the point of how to maximize our advertising dollars and WOW is there too much information out there!!! One guru will tell you to focus your marketing efforts on a target market, another experienced investor friend will tell you to focus on a more global market, same say ad's work others hate them - if I have $300 per month to spend on advertising - honestly now what do I do first? I already contacted realtors, and will be contacting attorneys this week.
What I need is some bang for my buck!
Thanks all for the great advice ... as always!