The Nuts And Bolts Of Lease Options Real Estate Course!

SquareTrade © AP6.0There are many ways to make money in real estate, but it is best to master one than to dabble in several.  You only need to find one way that works best and just focus on doing it over and over again.  Lease Options are the most powerful and effective real estate technique available, which is why I am offering this very personalized real estate course.

ANATOMY OF A LEASE OPTION: CONTROL WITHOUT OWNERSHIP!  Can you really control beautiful homes in nice areas without a penny in cash and no credit?  Absolutely!  I have never had a single Seller check my credit; nor have I ever put one red cent into a deal.  Doing it the way I do, you could be flat broke, bankrupt, and even unemployed.

Here's how it works:  My Lease Option Contract has a "nonexclusive clause" in it.  This means that no matter how good the deal is, I still won't try to take it off the market.  The Seller can continue to market the property.  He can even list it with a real estate agent (excluding you from the listing agreement).  Since I am not taking the property off the market, I am not going to pay the Seller any money at all.  But the Lease Option automatically becomes BINDING once I do find a suitable Tenant/Buyer.  I can also completely cancel within 30 days IF I don't find a Tenant/Buyer I'm happy with.  But it usually won't take 30 days.  After you run my ad, your phone will ring off the hook, and you should have a suitable Tenant/Buyer in only a few days.

Now that you know you can do unlimited numbers of these deals (since they take no money), let's get into the real details of how Lease Options work.  You will be using what is known as a "sandwich lease."  First, you have to find the right type of Sellers (or have them find you).  Your best prospect is a Seller who needs "debt relief."  Maybe he bought another home (or built one) thinking his first home would sell quickly.  (No matter how much money a person has, it still hurts to be making an extra house payment every month and can be quite frustrating when a nice home won't sell!)  Or maybe there has been a reduction in family income.  Or it was listed with a real estate agent and the listing has expired with no results.  Or any number of other reasons.

Here's your offer:  You will pay his mortgage payments for him (on time every time), take care of all the maintenance and repairs, and cash him out in a year or two.  If he needs debt relief, trust me, this offer is a true blessing to him!  In less than an hour, you will walk away with complete control over the Seller's property--with a signed Contract, a set of keys, and no money out of your pocket!  Control is better than ownership any day of the week!  Stop trying to BUY property with "no money down" when all you need to do is shuffle a few papers (Contracts) to crank out CASH!

Tell your Sellers that you deal with really good people with good jobs but who (often through no fault of their own) have credit problems.  You put them in homes for a year under your rent-to-own plan and then get them financed.  In the mean time, your Seller will never get a call in the middle of the night to come fix a leaky pipe, a busted hot water heater, or a stopped-up toilet.  That's because you will GUARANTEE the rent and take care of all the maintenance and repairs!  "Where do I sign?" is what you'll often hear.  What if you know nothing about repairing property?  You don't need to know a thing.  When your Seller signs up, you ask him, "There isn't anything wrong with thisx house, is there?"  Remember, you are dealing with very nice homes in this program, so such Sellers will give an resounding "NO!"  You then reply, "Then you wouldn't mind fixing anything that breaks during the first couple of months, would you?"  I've never had anyone object--ever. By the way, this gives you 30 days to locate your Tenant/Buyer and still have 30 days left of this "Seller protection."  You tell your Tenant/Buyer that you will fix anything that breaks during the first 30 days.  Cool, huh?

Now that you have completed Step One, you need to find a Tenant/Buyer.  I use the following ad:

NO QUALIFYING! No Credit Check!

Then describe the property briefly.  Your phone will ring like you are giving away hundred dollar bills!  You are looking for a person with whatever DOWN PAYMENT MONEY that you require.  Let's say that you found a nice home worth $100,000 with a loan of $80,000 on it.  You can pay full-price and still make a bundle.  You should get a Lease Option on it for no less than 24 months (12 months renewable at your discretion).  You want to get as long as possible.  I usually try for 60 months.  Ask the Seller: "How long do you want me to make your mortgage payments for you and take care of all the maintenance and repairs?"  They just may say, "As long as you want to!"  But never accept less than 24 months.  Why? You may not be able to get your Tenant/Buyer qualified in a year and may have to find a second person.

Once you find a Tenant/Buyer you are comfortable with, you write up the Contracts and take his rent money and a NONREFUNDABLE down payment (technically called "Option Consideration") in CERTIFIED FUNDS ONLY.  In the above example, let's say you have a 24-month Lease Option with your Seller.  Let's say his mortgage payment is $600 a month (30 years at 6 percent).  Let's also say that you want 5 percent down from your Tenant/Buyer.  You could probably get $800 a month in rent.  You sell the $100,000 home for at least $110,000.  You just made (and this is not a great deal) $5,500 down, $200 a month, and another $5,500 at the end of 12 months for a total of $13,400 on a home YOU DON'T EVEN OWN!  It's called a sandwich lease, because you are in the middle.

As your Tenant/Buyer is now a homeowner-to-be, he has to do his own maintenance and repairs.  How many people do you think you could help with this program?  Lots of Sellers!  And lots of Buyers!  You are a saint to both of them.  And you are well-paid for your knowledge. None of this takes a penny in cash from you.  No credit either. Heck, you could be flat broke, bankrupt, and unemployed!  Believe me--I was all three when I first started!

What I have just shared is only the icing on the cake.  There are lots of ways to make money in this business and to specifically make MORE money on each deal, and I have all the necessary clauses in my Contracts to help you do this.  One little idea in my Contracts could spell thousands more in profits for you!  Finding Sellers who need debt relief is much easier than you think.  And finding Buyers who want a home but have bad credit isn't even a small chore!  They will beat your door down!

Let's take a deal no one else will touch, for an example.  Due to these 125% loan-to-value equity loans, many people owe more than their home is even worth!  Let's say you have a home worth $100,000 with mortgages totaling $98,000.  You can't list it, because there's no room for a real estate commission.  But I can pay you $100,000 for your home and STILL make a lot of money on a home with absolutely no equity!  How?  I know that appraisals are subjective and can go up or down 5 percent. I also know that the house will be worth another 5 percent a year later (it will appraise for what you have it contracted to sell at--usually EXACTLY that amount, because a refi appraisal is VERY liberal).  So, you simply sell it for $110,000 and do a deal that others will walk away from!

And you can do foreclosures also.  You simply take the down payment money and make up the back payments.  The Seller has to leave the home, of course, but you can actually offer to give the Seller half his equity in a year (unlike those vultures who try to "steal" homes).  Here's an example: Let's say the house is worth $100,000 with $60,000 in loans.  The back payments can be up to $10,000 (but could be far less).  You would have to find a Tenant/Buyer with more than 5 percent down for this to work, so the house must be immaculate (by the way, with Lease Options you only deal with beautiful homes in nice neighborhoods).  You walk to the bank and make up the late payments to bring the loan(s) current.  Then, in a year or two, you will split the equity with the Seller.  Do you think that would give you an advantage over those foreclosure thieves out there who only want to give the Seller a little moving money?  Oh, yes!  So, you would give him $20,000 when your Tenant/Buyer cashes you out.  You keep the other $20,000 as your profit.  Or do you?  Let's take a look at it closer.  You will sell the home for $110,000!  So, your profit is actually $30,000!  And you will take out what you paid to make the mortgage current from the equity you return to the Seller.  Plus, you get the rental spread each month. You did have to sacrifice a portion of the down payment to make it work, but when a lot of equity is involved with a foreclosure, that's a trade-off I'd take any day.

Normally, you have three paydays with Lease Options--the down payment, the monthly spread, and the cash-out.  You decide how you want to be paid and when!  Is this stuff cool, or what!?!

To make all this go smoothly, you need to know how to fill out the Contracts.  My Contracts literally beat anything on the market--bar none!  Your bid DOES NOT include any fancy books, manuals, or videos (and you won't need any).  I will personally teach you all my secrets and show you everything you need to know with phone training where you can ask me questions every step of the way.  There is nothing else to buy.  My "Course" is like nothing you have ever seen.  Lots of new ideas, new twists, new marketing tricks--everything you need to be successful in this niche market.  The winning Bidder will get every Contract I use in this business, plus a couple of phone training calls where I personally explain in detail how to fill them out and how to work my ideas, and 12 FULL MONTHS OF UNLIMITED MENTORING.  I answer my own phone at 706-566-6889 and respond to e-mails several times each day.  Do you think that most of the other guys offer personal Mentoring (at any price) or that you can personally call them on the phone?  No way!  I look forward to talking to you.  The personal Mentoring is priceless.  And the Contracts would cost several hundred dollars to have your own attorney draw them up--and they still wouldn't be ANYTHING like what I have.

So, why is all this so inexpensive?  Simple.  I'm creating my own live seminars, and during this market test (which I may withdraw at any time) I am looking for a few people who will work my system and then give me a testimonial of how they made money with it.  Do I consider myself a GURU?  Not really.  I'm just an average Joe who didn't like what was on the market and was creative enough to come up with something better (including a few of my own new ideas).  Pie-in-the-sky fluff has always upset me.  I wanted something that worked in the real world and not just on paper.  I've been doing this since 1995, and you can learn from all my mistakes and experience.  You don't have to create your own Contracts from scratch like I did.  Don't re-invent the wheel.  Just use my cookie-cutter formula over and over again.  Feel free to call me with questions you may have about this auction or my System.  Hope to talk to you soon, and Best Riche$ to you! 

P.S.  This is an all-inclusive A to Z cookie-cutter system that comes complete with absolutely everything you need to do this business step by easy step.

NOTE:  Due to the highly sensitive and confidential nature of the information revealed in this Course, no refunds will be given.  This is to prevent the tire-kickers who just want to see my secrets and then request their money back from doing so.  I don't sell outdated re-hashed information like most of the Courses on the market.  Most of what I teach is completely original and unique and can be found nowhere else.  These are not boilerplate Contracts with bad margins that look like they came out of a seminar workbook.  A great deal of time and money went into perfecting them.  Once received, no refunds can be given.  And it goes without saying as to the value of the personalized Mentoring, which is always done by yours truly, not to mention the hours and hours of one-on-one phone training.  Read my Feedback, and rest assured that everything I sell is just as I describe it.  You can bid with complete confidence.    

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On Aug-17-03 at 01:44:46 PDT, seller added the following information:

After purchasing, pay instantly with your credit card through PayPal!

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On Aug-01-05 at 17:59:49 PDT, seller added the following information:

NOTE:  NOT FOR SALE IN TEXAS!  If you live in Texas, get my Texas Lease Option Course instead.  stwflbp