891 What Is a Lease Option & How Do You Make Money with Them?

Published: July 24, 2020, 10 a.m.

Lease options are my favorite way to get started in real estate. If you\u2019re tired of throwing away leads and you don\u2019t want more risk, then you definitely want to get started with lease options.\nLease options are a great way to build a portfolio of nice homes. Trust me, you\u2019re not going to be investing in rental nightmares. But you\u2019re also not taking over the existing mortgage and you\u2019re not owner-financing anything. So how exactly are you going to make money?\nI\u2019ll explain to you what a lease option is and the 3 profit centers that exist in every lease option deal. If you keep coming across homes that don\u2019t have enough equity in them, then you\u2019ll want to use the lease option as another tool in your creative financing toolkit.\nIf you\u2019d like to learn more about lease options than what I touch on in this podcast, then you can check out my free webinar at SLOClass.com where I go over lease options in depth.\nHang around because I\u2019ll be sharing the keys to success in making lease option offers in the next couple of episodes.\nWhat\u2019s Inside:\n\u2014How using a lease option reduces your risk.\n\u2014The 3 profit centers inside every lease option deal.\n\u2014The best way to build a portfolio of nice homes.\n\u2014The benefits of controlling the paper and not the property.

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