‘rent to own’ Archives
Free Information Session: Financial Freedom with Real Estate Investing
Hi Everyone, Over the last few months I have been asked by a lot of you to hold another talk on Lease Options (Rent to Own). I also wanted to show you hnow to use Lease Options as part of your bigger plan for financial independence and eventual retirement. The next session will be held on Feb 18th at 6:00PM in Ottawa at the Centurion [...]
Don’t Set Your Option Price Too High
Price It Right For You And The Buyer. When setting up a Lease Option investment you will need to decide what your Option Price is. Your Option Price is the price that the Tenant Buyer will buy your property from you when they decide to exercise their option sometime in the future. This could be anywhere from 1 to 5 years. Most of my Lease [...]
How To Help Your Tenant Buyers
Sell them a duplex. One of the problems new home buyers or new Tenant Buyers have is that they can't always afford the higher monthly payments needed to be in one of our Lease Option properties. The rent we charge has to cover all of our expenses such as mortgage, taxes and insurance. Then we have to add on an additional amount to build up a [...]
Rentals or Lease Options
Which is the better investment for you?When deciding on your Real Estate Investment strategy you have to take into account how passive or active you want to be. You also have to look at the risk associated with the expected return on your investment.Rentals can take a lot more of your time if you are doing the property management yourself. Rentals [...]
Make Big Profits With Investors
Another Type of Lease Option DealI just signed another deal today where I was able to create a Sandwich Lease Option for myself by bringing in an investor. I used a high ROI to motivate the Investor to become the Seller in the Sandwich Lease Option arrangement. Here is the whole process simplified:1. We Qualify a Motivated Buyer for our Rent to [...]
Preliminary Market Assessment – A New Tool
Eliminate your risks when acquiring Lease Options Probably the hardest part of Lease Options is finding the homes from motivated sellers. That is because the seller usually has many other possibilities before they consider Lease Optioning their home to someone like me. When we first started out we weren’t getting a lot of people calling us [...]
I have $150K just sitting there doing nothing. Take it.
I’m Losing Too Much in the Stock MarketI was speaking with one of my investors the other day and he told me “I have $150K that I pulled out of the stock market and it’s just sitting there doing nothing. Take it and invest it in Real Estate. Just do whatever you want with it. I trust you.”This is a great place to be and this will happen to [...]
What If Your Tenant Buyer Walks Away?
You Tenant Buyer Decides Not to Buy.Another question I get a lot from my students is “what if the Tenant Buyer decided not to buy?” in a Lease Option arrangement.Sometimes your tenant Buyers will decided not to exercise their option and walk away from the deal. Or maybe you have to evict them due to non payment or some other problem. Either [...]
What If Appreciation Doesn’t Happen for Your Lease Option
Lease Option Property Appraised Low One of the questions I get asked a lot from my students is “what if the property is not worth what we thought it would be worth?”When you setup the Lease Option Agreements, you are expecting that your Tenant Buyer will buy your property at the end of 3 years (or even sooner). We work with them to ensure they [...]
Create Your Own Motivated Seller
Make your Seller a PartnerProbably the hardest part of the "Sandwich Lease Option" is finding a motivated seller. If you remember from one of my previous posts, a motivated seller is someone who is willing to enter into a Lease Option agreement because of some unfortunate circumstance. They are usually home owners who have moved away and couldn't [...]
