The objective of real estate investing is not to have as much financial exposure to the market as you can afford. The objective is controlling as much real estate with a high profit potential as possible. With that objective in mind, a lease option makes a whole lot of sense. Truth be told, in today's market you shouldn't have any out of pocket expenses when you use the lease option.
There are too many homeowners desperate to find a way to sell their homes. Once you find a seller wanting to sell with the lease option, you draw up a letter of understanding. The understanding is that you will take lease of their house as soon as you find a buyer wanting to purchase using a lease option.
There are too many homeowners desperate to find a way to sell their homes. Once you find a seller wanting to sell with the lease option, you draw up a letter of understanding. The understanding is that you will take lease of their house as soon as you find a buyer wanting to purchase using a lease option.
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Wendy Patton is a successful, creative real estate investor who started when she was young and broke. Creative seller financing is a way to invest in real estate without using traditional bank financing. Wendy Patton's focus is on lease options, subject tos, and land contracts (contract for deed). Review her blog and articles to discover more about creative seller financing.
This is Wendy Patton's complete lease-option system, which includes ALL FOUR Lease Option courses: Cooperative Lease Options, Sandwich Lease Options (Buying on Options and Selling on Options), and Working with Realtors. These courses all include step-by-step instructions on completing a lease option and the contracts to protect you.
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