Qualifying Lease Options leads

[Keleko Fischer]

I am marketing to owners for lease options. What information do I need to get/know from the seller in order to be able to construct, negotiate and submit an offer? Thanks!

[Todd Toback]

@John Jackson , long time no speak.  

Keleko, the good news.  I have done hundreds of lease options in San Diego.  The bad news: It's been about three years since I have done one.  The only reason is we switched our business to 100% wholesaling around that time.  You will have no competition and I used to be an absolute ninja at constructing these things.

1. Here is a couple of suggestions.  1. Remember you need a motivated seller to put together a decent deal.  I used to prefer mostly assignments here in San Diego because I could collect 3% down on a $600 Khouse. That's around 18K. You can also finance your assignment fees. 

Here is the exact info you need.

1. Motivation

2. Loan Payments and Debt Owed

3. Market Rent and Value of those house.

You can offer to pay 95% of value, 100% of market rent, and still make money.  Just sign up a two year lease with an option and assign that sucker. Hope that helps.