lease option
Lease Option Pitfall Number 5
Lease Option Pitfall Number 5 Now this is a very important Pitfall to avoid. You need to make money in this business or don’t do it. You can’t afford mistakes. This is a big one. In our paperwork, we have a weasel Clause that says if we don’t get a tenant buyer that’s suitable, the […]
Lease Option Pitfall Number 2
Lease Option Pitfall Number 2 Not getting a proper title search against the property is Pitfall number two. This has happened to me with one of my students. We did a title search and it said the title was in the name of one person, the occupant. This man wanted to do a lease purchase […]
Lease Option Pitfall Number 1
Lease Option Pitfall Number 1 For people that are new to least with option, you can either do a two ways, the first way is to be in the middle or a sandwich lease option, where you are lease optioning from the seller, and then subleasing and sub option to a tenant. Now the first […]
– Lease Option
Lease options are popular with real estate investors. Everyday we use leases, options, and notes to prepare agreements for sellers and buyers. To keep things simple, we can buy on lease option or sell on lease option. When we buy on lease option we generally either do one of two things: We can either buy […]
– Rent to Own Concept
Rent to own concept Well, rent first then own, right? If you are going to rent a house, and then buy it, you would need an agreement for that. First agreement is to rent a property with a lease, that would discuss how long and how much. Let’s say that you had a term of […]
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 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 […]
– 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 […]
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 […]