If you're looking for 2 of the quickest and easiest ways to jump into real estate without using any of your own cash or credit, this post is for you. Lease-Options (A.K.A. "Rent-to-Own") and "Sandwich" Lease Options are by far my favorite recommendation for beginner wholesale real estate investors, because, when done the way we do them, they do not require risking any of your cash or credit.
Plus, when you do them the way we do, you won't:
So What Is a Lease-Option Anyway?
Example of a Lease-Option Assignment Deal
In this example, you will lock up a property for $100,000. You will then resell the purchase price at a higher amount of say, $103,000. Your "end" tenant-buyer will give you $3,000 so that you can assign the Option rights over to them, so that they will now have the option to buy (or not to buy).
The seller is happy because they get their full asking price of $100,000 and did not have to pay a Realtor commission of $6,000 (or 6%), and they have a better tenant than they would had they simply rented the home.
This strategy will work even if the seller has no equity, and even if you are unable to negotiate a lower purchase price, because buyer (from experience) are typically wiling to pay a premium for their home if:
If you're a Realtor yourself, this a GREAT strategy for you to use when dealing with FSBOs. Instead of representing home owners that want to sell their properties, For Sale By Owner, you can act solely as a Principal in the transaction representing yourself, and instead of charging a commission, you can simply collect your profits from the Option Assignment fees.
Want to Learn How to Assign Contracts for $3,000 to $25,000 ...Without Any Cash, Credit, Risk, or Experience?
While I just recently started to add content to my profile, these 4 posts give me an opportunity to provide Goodwill to visitors, so I can offer value first, before I ask for something of value from my prospects (like to buy my stuff, for example).
As I come across articles, or lessons of value that I truly feel will benefit the folks I connect with, I will create more and more posts that help to solve their investing problems, and help them gain more and more profits.
I will never just post for the sake of posting.
That's a waste of my time and theirs.
My goal here is to dial into my visitor's favorite radio station: "WIIFM"
"What's In It For Me."
Does your profile do that?
Or is it just long page that brags about you?
I've also spread out the content too, so that the information is quick and easy to read. That's important, because my visitors, especially complete strangers will usually scan my page first to see if there is anything of real value for them.
I assume this, and thus, I make it real easy for them to scan and make this determination, instead of creating large paragraph blocks of content that they may or may not want to spend the time to read.
Yes, this profile could still be improved upon, and I plan to do just that.
But I hope it gives you a framework that you can use right now to improve yours.
How to Sell Your Home, "Rent-to-Own" and Get Your Full Asking Price... Without Paying 6% Realtor Commissions.
- How to sell, "Rent-to-Own" and get your full asking price
- How to sell, "Rent-to-Own" without paying commissions or fees
- How to sell, "Rent-to-Own" in as little as 7-14 days
- How to sell, "Rent-to-Own" and have the tenant-buyer responsible for the first $5,000 in repairs
- How to sell, "Rent-to-Own" and sell the home, "As Is" and so much more!
P.s. This is a brand new post to this blog, so please feel free to post your comments below.
My name is
Russell de la Peña and my wife Diana and I live in beautiful Southern CA. We own several offline and online companies and love to help others succeed in doing the same.
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