Posted by gwtx on July 10, 2001 at 18:46:58:
NO BANK QUALIFY…
As little as 3 payments moves you in. Charming,3/1/1. Call KatieFL 555-555-5555.
When the phone starts ringing off the wall,(as it will),tell them the 3 payments are 1st month, last month, and 1 month security. Then ask them how much they have saved up toward owning their own home. Some people will try to be coy, some will say $1000, or $2000, or $3000. (Some will even ask if this includes this weeks paycheck that they’re getting. What fun!)
They will naturally ask where the property is located. But now you can just tell them that property that was advertised is already gone. You then tell them that another property might be available within a few days. This helps you to develop a tenant/buyers list. After you have 5,10,15 people to choose from, call the ones that have the most money to put down on the option consideration.
For L/O properties you shuld be able to get around 3-5% which includes the 1st,last, and security.
Hope this helps