This is a common question folks have about what we do.
The question demonstrates some confusion as to what exactly we do, and what exactly we do not do. We are not Realtors in your state or our own.
But today, we only invest in real estate acting as Principals in each transaction. We do not transfer the title of the property we acquire when we buy using a Lease-Option structure. We buy the Lease-Option rights only.
We do not represent anyone but ourselves in these transactions (neither the Seller or "End" Buyer), so we do not need a license to do what we do. If we did, so would you, since you are working with real estate also when you sell, "For Sale by Owner."
We sell/ assign/ transfer the Option rights (which we acquire from you) as "Buyer #1" over to our "End" Buyer (#2). This is a common practice among investors when we assign contracts we've negotiated with Sellers. We charge our "End" Buyers a fee, the "Option Assignment Fee" for all of our work and Option Rights.
These legal rights, the Option Rights, are personal property, not "real" property (as in Real Estate), and since we own these rights, we have the right to sell them to someone else who would also like to own them. Thus, we transfer/ assign/ sell our rights, acting solely as a Principal, to someone else... the "End" tenant/buyer, and do not need a real estate license to do so.
Of course, you are always welcome to check with your local real estate attorney to confirm this fact. We recommend a real estate attorney, and not just any attorney. Tax attorneys, or divorce attorneys, for example, are attorneys, but they are not experts in real estate law. So logically, getting advice from them, your account, or your Uncle :0), isn't going to be your best move. Get help from an expert in the area you want help in.
We hope this is helpful to you,
Richard Israel
TenantBuyerList.com
P.s. If you'd like to get instant and FREE access to our list of thousands of tenant/buyers right now, you can click here to add your property. There is no cost (ever) and you may cancel anytime. There's also a free, 15-minute info video that will share with you the Pros and Cons of selling your home, "Rent to Own."
The question demonstrates some confusion as to what exactly we do, and what exactly we do not do. We are not Realtors in your state or our own.
But today, we only invest in real estate acting as Principals in each transaction. We do not transfer the title of the property we acquire when we buy using a Lease-Option structure. We buy the Lease-Option rights only.
We do not represent anyone but ourselves in these transactions (neither the Seller or "End" Buyer), so we do not need a license to do what we do. If we did, so would you, since you are working with real estate also when you sell, "For Sale by Owner."
We sell/ assign/ transfer the Option rights (which we acquire from you) as "Buyer #1" over to our "End" Buyer (#2). This is a common practice among investors when we assign contracts we've negotiated with Sellers. We charge our "End" Buyers a fee, the "Option Assignment Fee" for all of our work and Option Rights.
These legal rights, the Option Rights, are personal property, not "real" property (as in Real Estate), and since we own these rights, we have the right to sell them to someone else who would also like to own them. Thus, we transfer/ assign/ sell our rights, acting solely as a Principal, to someone else... the "End" tenant/buyer, and do not need a real estate license to do so.
Of course, you are always welcome to check with your local real estate attorney to confirm this fact. We recommend a real estate attorney, and not just any attorney. Tax attorneys, or divorce attorneys, for example, are attorneys, but they are not experts in real estate law. So logically, getting advice from them, your account, or your Uncle :0), isn't going to be your best move. Get help from an expert in the area you want help in.
We hope this is helpful to you,
Richard Israel
TenantBuyerList.com
P.s. If you'd like to get instant and FREE access to our list of thousands of tenant/buyers right now, you can click here to add your property. There is no cost (ever) and you may cancel anytime. There's also a free, 15-minute info video that will share with you the Pros and Cons of selling your home, "Rent to Own."
Enter your best email and I will show you how to sell your home for your full asking price, how to do it in just 7-14 days, and do it all without paying one red cent in commissions or fees.
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