BJ_GIBBONS
– Home Owner in Training
Homeowner and training is a saying for rent to own tenants, as they are preparing get a mortgage, There are three hurdles: DTI which is that to income ratio of 43% Down payment Credit rating To be able to qualify for a mortgage, these hurdles are important to understand. A good resource is at the consumerfinance.gov […]
Selling on Lease Option
Selling on lease with option compare renting the property out to attend as a landlord, and showing the property on a lease option Sure, let’s compare the two scenarios: Renting the Property Out Landlord Role: As a landlord, you retain ownership of the property and rent it out to tenants. Income: You receive regular rental […]
– Negotiating the Deal for an Assignment
Negotiating the Deal for an Assignment We assign deals for a fee there are several types of deals that we assign for fee. Wholesale deal, house that needs work, we need to figure out a price that we can assign the paperwork for a fee, But generally wholesaling deals are 65% of the after repair […]
– Negotiating the Deal for a Sandwich
Negotiating the Deal for a Sandwich A sandwich is a sandwich lease option or a sandwich land contract. You’re acting as a middleman. So here’s an example. Let’s say the property is worth $100,000. Market rent is $1,000 a month. When you do the sandwich, you have to negotiate a sales price less than $100,000 […]
– Finding Lease Option Sellers
Finding lease options sellers See https://reiskills.com/tag/marketing-sellers/ The perfect lease option seller is a three or four or five bedroom house in a good location and they have great urgency to sell. They may have tried to sell with an agent so that’s an expired listing, or for sale by owner, or a landlord that’s out […]
– Lease Option then Assign
Lease option then assign We enter into a lease with option with the seller then sell the paperwork to a buyer for a fee. This is similar to wholesaling where you enter into a Sale and purchase agreement or an Option to purchase agreement and sell the paperwork for fee. Lease option assignments are a […]
Buy on Lease Option
Buying on lease option This is where you lease with an option from a seller with an option to buy, and generally your exit strategy is to sublease and sub-option. This is called a sandwich lease option. You can also assign the paperwork to attend buyer. This is called a lease option of something or wholesaling lease […]
Lease Options to Control
Lease Options to Control Using a lease with option to control a property is one of the easiest ways to make money in real estate. Let’s say that you find a seller that needs to sell, and they don’t want to rent it out and they don’t want to list it with an agent. You […]