What is right and what is wrong? MORALITY. Whose morality is it anyway? Session 3.1.
Video 3.1 what is a lease option anyway
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Transcript of Video 3.1 what is a lease option anyway
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VIDEO 3.1-
What Is A Lease Option?-
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VIDEO 3.1-
What Is A Lease Option?-
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In today’s video I’m going to explain …
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What a Lease Option
investment is …
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Another name
used for Lease Option
is Rent to Own …
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I have been doing Lease Options for
over 7 years …
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And have transacted over 100 deals …
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A Lease Option transaction can be completed in many
ways …
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I’ll show you the way I do it after
years of trial and error …
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A Lease Option is where someone
Leases a property and has an Option to
buy it ..
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There are 2 parties involved. An owner / seller and a tenant /
buyer.
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owner tenant
seller buyer
RENT
SALE
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There are several
contracts that need to be executed …
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owner tenant
seller buyer
RENT
SALE
Lease Agreement
Option Agreement
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The tenant rents/leases the property for 1 or
more years …
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The tenant has an option to purchase the property during
the time they are renting …
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The tenant accumulates their
down payment through an Option
Payment and credits …
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RENT
$1,800 Rent$1,500 Cost
$300 x 36 Creditsowner tenant
seller buyerSALE
Lease Agreement
Option Agreement
$10K Option Consideration
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$10,000 Option$10,800 ($300 x 36) Credits$20,800 Down Payment
Tenant Down Payment Savings
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The owner makes money through the
price difference and the
mortgage pay down …
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RENTowner tenant
seller buyerSALE
Lease Agreement
Option Agreement $330K Future$300K Current
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$330,000 Future Price$300,000 Current Value$ 30,000 Profit From Price
$240,000 Current Mortgage$220,000 Future Mortgage$ 20,000 Profit From Mortgage
$30,000 Profit From Price$20,000 Profit From Mortgage$50,000 Total Profit
Owner Profit
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Stay tuned for Video #2 where I I’ll Talk About How To Finance Your
Lease Option Properties