Re: doing an L/O assignment - Posted by Brent_IL
Posted by Brent_IL on March 25, 2002 at 10:57:16:
Tell the seller upfront that you?re an investor seeking to make a profit. Share with sellers the minimum amount of information that they require to sell their property to you. Your future plans should be revealed sparingly.
Initially, all you need for a L/O is a lease with the right to sublease, and an option agreement. Use your own. You don?t assign the lease; you exercise your right to put a renter into the house. You are the one who is responsible to the seller.
In response to a question, JohnBoy recently posted his verbalization to sellers at http://www.creonline.com/wwwboard/messages/81329.html
I thought it was great.