How to set up a Lease Option & STOP doing rental repairs!
Good Money Monday BP'ers
One of my favorite ways to hold and/or sell real estate is with Lease Options(LO's). Today's training is designed to walk you step by step down a lease option the way I've been doing it since 2008. Once I learned this strategy, I found out I didn't have to keep going over to my rentals to do repairs. Now I only do major repairs on my rentals and the Tenant/Buyer does all the rest.
Gary Kelly says in his book "The millionaire Real Estate Investor" that in order to become truly wealthy, the time we spend making the money must be disproportionate to the amount of income. Well, doing lease options gives us that time back. I think I may spend 5 hours per YEAR on my LO's where I could spend 5 hours a month on my traditional rentals. I try not to think traditionally in life and in business because it always kept me BROKE. Watch this 2-part training, learn and get out there and make a ton of money with LO's, and please let me know if you need my help at [email protected]
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