How can you do them?

Question:

First, I’d like to thank you for doing the coaching webinar series, they have been very helpful so far. I got a call from a seller who has very little (if any) equity, so I was planning to do a cooperative option with them. Then I found out that the property has been listed with a Realtor for three months. The seller is interested in doing the cooperative lease option, but I’m not sure how to handle the Realtor in this situation. How have you approached this situation before or do you even attempt cooperative lease options with sellers that are already listed with a Realtor?

Answer:

I normally don’t work with Realtors for cooperative lease options but I do with sandwich lease options.  It is not that you can’t.  If the seller wants to work with you, then the Realtor would still get paid and so would you. It is a bit more complex so lets chat on the phone with your coaching if you want to discuss the exact details. Is there enough room in it for the commission and your profit?  If so, as long as the Realtor is cool then you can certainly do it.   I should say it is not up to the Realtor really, but they are key to getting it through the seller.

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Lease Options with Realtors


How can you do them?

Question:

First, I’d like to thank you for doing the coaching webinar series, they have been very helpful so far. I got a call from a seller who has very little (if any) equity, so I was planning to do a cooperative option with them. Then I found out that the property has been listed with a Realtor for three months. The seller is interested in doing the cooperative lease option, but I’m not sure how to handle the Realtor in this situation. How have you approached this situation before or do you even attempt cooperative lease options with sellers that are already listed with a Realtor?

Answer:

I normally don’t work with Realtors for cooperative lease options but I do with sandwich lease options.  It is not that you can’t.  If the seller wants to work with you, then the Realtor would still get paid and so would you. It is a bit more complex so lets chat on the phone with your coaching if you want to discuss the exact details. Is there enough room in it for the commission and your profit?  If so, as long as the Realtor is cool then you can certainly do it.   I should say it is not up to the Realtor really, but they are key to getting it through the seller.