lease option pitfall
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 Pitfall Number 3
Lease Option Pitfall Number 3 Protecting the seller from getting sued and getting a lien or a judgment with this particular property is it important part of dealing with least options. When we place a property into a Land Trust, it turns a public real estate investment into a private real estate investment. If somebody […]
Lease Option Pitfall Number 4
Lease Option Pitfall Number 4 Not using a loan servicer so that your payment goes directly to paying the mortgage company PITI. So the solution to making sure that the loan stays current and the seller owner of the property does not neglect to pay the mortgage on time, we use a loan servicer. These […]
Lease Option Pitfall Number 2 – not doing proper title search
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 #1 – do not pay too much option consideration to the seller
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 […]