Wholesaling Lease Options | Investors-Workshop-Thinkific.com | (240) 389-4319

Wholesaling Lease Options | investors-workshop.thinkific.com | (240) 389-4319

Wholesaling lease options can and does work and there has likely never been a better time to do it with the rapid pace of appreciation in the current market. That doesn’t mean it is without its pitfalls and complexities though…  https://youtu.be/IdH_ANXUY1E

How Do Lease Options Work?

Lease options are an essential form of seller financing or rent-to-own. This was an incredibly popular model a few decades ago, though waned in popularity during the recent boom due to the availability of easy credit and 100% financing.

Now that conventional mortgages are tough to come by, sellers are hurting and some are still wary about the direction of the housing market. This has become an incredibly valuable strategy for buying and selling real estate. With the incredible leverage it provides and advantage of enabling investors to control massive amounts of dollars in property, it can be extremely profitable and make flipping houses very easy.

The basic mechanics of lease options involve the use of two legal documents. The first being the lease to grab control and occupancy rights to the property right away with little money out of pocket. The second is the option agreement or purchase contract giving the renter/ buyer the option to execute the contract at any time during a given period, normally for a pre-set price. This allows the buyer to avoid having to qualify for a conventional home loan, yet enables them to get into a property they want right away and often at a big discount.

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https://youtu.be/IdH_ANXUY1E