Hi There,
Now you can understand Lease options from the ground up.
Some people will hate lease options, and some will love lease options. It is very hard to
know if you will like it until you try it.
Part of the reason there is such a variety of tastes when it comes to lease options is
that the results can be so varied. Some are super easy and others make root canal sound
pleasant.
I have had a lease option that sold in days, and I’ve had one that still hasn’t closed
after almost four years (okay, so that one does earn me a little money and I’m not motivated
to close on it).
My first lease option was a nightmare, but my second one cashed out in days and I was in hog
heaven when I walked away with an easy $20,000 and couldn’t wait to do more.
So why it’s appeal?
Because it requires no money down.
It is a great way to jump into the real estate business and then
broaden out.
I think the best part of lease options is to have the knowledge at your disposal to make a
deal work.
This book covers both the good and the ugly on lease options. It
includes things some authors just gloss over. I know, I've been there and made the
mistakes.
I'll cover topics such as:
- What can happen if you receive TOO MUCH option money.
- What term you don't want to use for option money and why you shouldn't use these words.
- Some of the hard truths you probably never read
- Step by step on how to negotiate.
- What deals to walk away from, and what ones to run from!
- Some important clauses that should be in your contracts.
- How to take over a lease option and never worry about maintenance.
- How much money you should or shouldn't pay for a lease option.
- How to negotiate it in your favor so you DON'T have to pay a option fee.
- Difference between option and lease option.
- What is a sandwich lease?
- How to get your tenants qualified.
- How to make money in the beginning, middle, and end of a lease option.
- How to eliminate late paying tenants
- How to find lease options
- How the buying and selling lease option contracts differ
- What is a uni-lateral contract vs a bi-lateral contract.
- What to do when a seller is in financial hardship
- How to set your purchase price and your sales price
- How to make money even if your tenant buyer doesn't buy!
And MUCH MUCH more!
Sincerely,
Brandy Eismon