Lease-Option Purchases References Quick Takeaways “A lease option is a contract in which a landlord and tenant agree that, at the end of a specified period, the renter can buy the property at a specified price. The tenant pays an up-front option fee and an additional amount each month that goes toward the eventual down payment.” […]
How I set my fees with least purchase consulting I’m going to presume that you want to be a lease purchase consultant and that’s all you want to do, If you’re in a state California or New York that has pretty strict regulations you might want to get licensed to sell or lease real estate. […]
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 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 For people that are new to “lease with option”, you can either do it one of 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 […]
Lease Option Pitfall Number 3 Protecting the seller from getting sued personally and getting a lien or a judgment with this particular property is it important part of dealing with least options. We’re going to talk about Land Trust now, and if you search this site on “Land Trust” you will learn a lot about […]
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 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 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 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 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 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 […]
Buying on lease option This is where you lease with an option from a seller (you have an option to buy), and your exit strategy is to sublease and sub-option. This is called a sandwich lease option. See Sandwich Lease Option
Lease Option Pitfall Number 2 not doing a proper title search. In real estate investing without checking title you’re in trouble, it’s really stupid not to check the title. I’ll give you an example, that even if you check the title you could have a problem. I had a student that had a house that […]
Lease Option Pitfall Number One There are a lot of mistakes that people make when they’re trying to do a lease option as an investor. Let’s go through things that you can do to avoid problem. Number one, don’t give the seller too much money. Many Real Estate Investors pay too much money into a […]
Lease Option Sandwich Training Report: A Strategic and Legally Defensible Approach to Buying on Lease Option & Lease Purchase Prepared For: Real Estate Investors & Homebuyers Executive Summary This report provides a comprehensive framework for acquiring real estate using Lease Options and Lease Purchase agreements. While these creative financing strategies offer a path to homeownership and […]