Posted by Neil - MA on November 18, 1999 at 21:20:25:
Contact your local investor group. Go to a meeting. Join. Get to know these people. They have many of the answers for your state. Where do you find these groups? They’re listed under resources on this site. I just checked, there are two listed in Connecticut. There could also be landlord and/or property owners associations not listed here.
Carleton Sheets- new student/Connecitcut - Posted by Karen
Posted by Karen on November 09, 1999 at 14:26:02:
I’m a new student. I’ve had the course for a month and are eager to get going but there aren’t a lot of “for sale by owner” nor assumable mortgages in Connecticut so where do you find the deals. I’m finding real estate agents to be a big hassle, always right and very negative. It’s my understanding that a mortgage must be assumable to use any of these techniques also, correct? What if I do a lease option and can’t sell in time. Then I will have to go to a bank for a conventional mortgage when my lease option is up and what if I don’t get the loan? What I’m up against now is wanting to offer a lease option on a home that I saw through an agent. If the offer is accepted, is the agent then simply out of the deal of do they get paid a commission still, by whom? (I thought commission were only paid if a home is sold, not leased). I’m eager to get started but I’m very nervous.