E-book Category: Real Estate
E-book Title: Lease Options University
Book Description: Discover the key to successful Lease Option, Lease Purchase Investing
Step by Step Real Estate Investing System
Lease Options University will teach you how to take control of real estate with no money or credit. We have created a system that will give you much more control and leverage. Not only will we teach you how to better manage Lease Options, Lease Purchases, but we will teach you how to repair your credit in order to gain leverage and higher profits.
We have tried the other buy with no credit or money systems, and we have found that most deals fall through. Why? Because they teach you how to Lease a property with the option to sub-lease. The only problem is usually the tenant is never qualified to get lending. When this happens the owner of the property will take his or her property back and you get nothing. You have to actually sell the property to the tenant in order to create any kind of profit. What kind of reputation do you think you will have as an investor when all your deals fall through?
"The Sandwich Lease Option"
How it works is you find a motivated seller, buy their property on a lease option with the right to sub-lease, lease the property to a tenant, set the same closing date, and pick up the money in the middle.
The only way for this method to really work is if the tenant is able to get financing in time to excercise their purchase option. How can you be sure the tenant will be able to fix their credit in time to satisfy the seller? I guess you could be like most investors and sit back hoping for the best.
If the tenant doesn't qualify I guess you could boot them out and find another tenant.What if you never find a tenant who is able to qualify for lending?
If you are unable to sell the property in time to excercise your option, the seller will be right back where he or she started. You just wasted their time; the property was supposed to be sold by now.
What a great reputation you will have as a real estate investor. I guarantee after you pull this stunt a couple times, no one will work with you again.
Learn to Repair Your Tenants Credit
Help your tenant repair his or her credit and make sure they get financing
Lease Option University's system will teach you how to repair your tenant's credit. Now you know your tenant will be able to obtain financing in time to excercise the lease option contract. They're happy, the seller is happy, and you get paid. Happy clients produce great referrals to keep your business booming.
Gain Leverage by Repairing Your Own Credit
Another downfall of investors is that they are giving their profits away. When you purchase a lease a property with the right to sub-lease, you are not going to get the best deal. You are better off buying a property with your own credit.
One may have to start with the "Sandwich Lease Option", but beginner investors must repair their own credit as quickly as possible to gain leverage.
In the last few years lending companies have created some great loan programs. You can now get interest only loans with zero down on an investment property. This is a great way to lower your mortgage payments and create a larger monthly income for yourself.
Buying the property yourself also allows you to get a better deal on the property to begin with. You will also be able to write off the interest paid on the property because as the owner you will actually be making the payments.
Lease Option Investment Benefits - Higher Sales Price
By selling a property on lease option you can ask for a higher price then usual. The buyer will pay more due to their inability to obtain financing to purchase a home. - Higher Monthly Rent
Because you apply a portion of the rents to the purchase price, you are able to request a higher then normal rent. - Minimal Risk
Whether your tenant excercises his or her right to purchase the property, you will keep the deposit and still have control of the property. - Realtor Commissions
Because you are selling the property yourself you are able to avoid realtor commissions, which gives you more room to make profit. - TaxShelter
On a purchase to lease option property you will be able to write off the interest as a tax deductible. - Quality Tenants
Your tenant is planning on owning your property and will treat it like their own. - Little or No Maintainence
Not only will your tenant take great care of your property, but they usaually will make improvements. You may also delegate certain maintainence tasks in thr contract. - Select Group of Buyers
You will be selling your property to people who are looking to buy a home, but are unable to get financing. You are advertising "Rent to Own" with financing and credit repair available. This will set you aside from other properties for sale. - Quick Sale
Your properties will sell much quicker because of the large response of people who can't get financing to buy other homes.
Lease Option Tenant Benefits - Rent is Payment
Because the rent is applied to the purchase of the home, the tenant feels like they are making an investment rather then wasting money on rent - No Down Payment
The tenant's deposit and monthly rent credits will go towards the purchase as a down payment. This eliminates having a large down payment at purchase. - Small Initial Payment
The tenant can initiate the lease option with a small deposit and the first months rent. - No Property Taxes
The tenant can initiate the purchase of your property without having to pay the taxes until closing. - Credit Repair
The tenant will have time to improve their credit before they initiate lending to purchase property - Move In
The tenant can move in immediately because there is no wait for mortgage approval or loan processing.
Learn the Tricks to Successful Lease Option Investing
Anyone who invests in real estate knows the importance of having good credit. Knowing how to control your credit score will allow you to gain more leverage when investing in real estate. Understanding how the credit system works will also prove to be valuable knowledge when selling properties with the option to purchase.
Having the ability to assist your tenants with credit repair will insure their ability to acquire lending. If you actually take the time to help your tenants fix their credit, introduce them to your mortgage broker, and get them lending to purchase your home; you can't even imagine all the referrals you will receive.
My whole intention is to hold my tenants hand through the entire lease option purchase with full intentions of getting them in to their new home. The majority of investors could care less if the tenants buy their property because they will just lease option the property to someone else.
It is my belief that if you really take care of the customer, they will tell everyone they know about their great experience. You are targeting people who have been trying to buy a home, but just don't quite have the credit score to do so. You are going to make the dream of owning their home come true.
You want to make their experience one they will share with others in the same situation. If you can accomplish the skills to achieve this, you will have more tenants looking to buy a house from you then you can deal with.
I will teach you how to purchase lease options without using your own credit or money, but at some point you will need to have good credit to increase your leverage and profits. You are also going to need to assist your tenant with fixing their credit as well. This will set you aside from other investors. Lease Option University Investment System "Getting Started" - Cedit Repair
The credit repair kit will help improve your credit score as well as your tenants. You need to be sure your tenants will qualify for lending and improve your credit as quickly as possible. - Setting up your Team
You're a serious investor now; so you are going to need a power team ta assist you. - Making your Business Plan
If you are going to get anywhere you have to plan out your route. If you don't know where you're going, it doesn't matter which way you go. This will help you get focused and stay focused. - The Lease Option Contract
This will help you understand how exactly the Lease Option contract works. - Business Concerns
Become aware of the rights of the seller, the tenant, and yourself.
"The Sandwich Lease Option" - Sandwich Lease Option Formula
Understanding how the Sandwich Lease Option works and how to maximize your profits. - Setting up the Deals
How to stucture the deals to maximize your returns. - Finding the Property
How to market so the seller comes to you. - Persuading the Seller
Once you find the seller, you will have to be able to persuade them to sell their property on your terms. - Property Analysis
Quickly analyze properties to determine their priority for a potential deal - Finding your Tenant
How to market in order to find great tenants one after the other. - Tenant Pre-qualification
Quickly determine if your potential tenant is qualified to work with you. - Credit Evaluation
Evaluate your new tenant's credit so you can determine whether you will be able to repair it before the Lease Option expires. - Credit Repair
Learn how to assist your tenant with the repair of his or her credit to insure they get lending in time to excercise the lease option - Buyers Requests
Find out exactly what your buyer's desires are so you can match them up with the right property. - Putting the Deal Together
How to coordinate the signing of contracts and finalizing the deal. - Purchasing to Lease
How to increase your profit margin dramatically by purchasing properties. - Bargain Properties
How to locate and purchase bargain properties. - Closing the Deal
Step by step instructions on what contracts to use and how to finalize the deal. - Contracts Overview
A description and how to use all the contracts you will need. - Contracts
All the contracts, forms, and agreements are provided to get you started right away.
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