" Lease Options give people a second chance to improve their credit while working towards the purchase of the home they desire to own."
Joe McCall Training and IntroSo, let me give you the quick and dirty low down of what Wholesaling Lease Options are. Here are the basic steps:
1) Find a motivated seller who wants to sell their house on a Lease Option 2) Get the property under an “Option To Lease Option” contract 3) Find a qualified tenant-buyer who has a good down payment and has a good chance to get a mortgage in 6-12 months 4) Sign the Lease Option paperwork with the Tenant-Buyer 5) Assign the Lease Option docs back to the seller. 6) Keep the Option Consideration / Deposit and give the Seller the first month’s rent 7) Put the Tenant-Buyer in a credit repair program with your mortgage broker. 8) Deposit your money & move on to the deal! Real simple… really! That’s why I love this business so much. Almost anyone can easily do 1-2 of these deals a month. Imagine what you could do with an extra $3,000 – $10,000 in “Hip Pocket National Bank” every month! And if I can do it – anyone can!!! FREE E-BOOK WENDY PATTON
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GOAL SETTING
Update & Time Management
Education Things To Know
Learn About Benefits and Cons
- http://www.azreg.com/blog/the-benefits-and-risks-of-a-lease-option-contract/ (RISK AND BENEFITS OF lease options
- http://www.forsalebyowner.com/education/market-conditions/84-market-conditions/348-the-basics-on-lease-option-rent-to-own (Basics of Lease Option)
- http://www.biggerpockets.com/forums/83/topics/2012-lease-option-versus-lease-purchase (Lease Option Vs Lease Puchase
- Other Training Links thru Brian Gibbons (http://winwithleaseoptions.reiskills.com/for-home-sellers/
Tools for Research and Prospecting
- http://www.redfin.com (GREAT WAY TO FIND OUT EVERYTHING ABOUT PROPERTIES) SIGN UP FOR ALERTS PRICE CHANGES GOOD
- http://www.lvccld.org/library/businessdecision.cfm ( GREAT PUBLIC LIBRARY SOURCE TO FIND STATS & DEMOGRAPHICS
- https://hootsuite.com/ ( GREAT WAY TO MANAGE YOUR POSTINGS TO YOUR SOCIAL MEDIA) I USE LINKEDIN AND TWITTER TO FIND BUYERS AND SELLERS
- http://www.craigslist.org/about/sites ( CRAIG LIST GREAT SOURCE OF POSTING ADS TO GENERATE ADVERTISING)
- http://suryaphotology.blogspot.com/p/top-100-best-free-classified-ad-posting.html (MORE FREE ADVERTISING SITES TO POST ADS TO)
- http://www.linkedin.com/in/leaseoptionsnevada (SAMPLE LINKEDIN ACCOUNT MAKE YOURS LOOK LIKE THIS)
Invest in residential income properties NOW!By the year 2035, the population of the U.S. is forecasted to grow by 72,000,000 to 378,000,000 people, making residential income properties a smart way to create financial independence and significant wealth.