All Forum Posts by: Peggy Liu

No...not a course. I guess not many people are aware of it.

I just found a blog here about it...

http://www.biggerpockets.com/renewsblog/2010/10/23/builder-model-home-sale-and-leaseback-the-opportunity-part-1-of-3/

Leo -

From what I've read, it is accessible to the public. However, it also sounds like it's hard to get since there aren't as many new model homes as there are new homes. Plus, I believe the builders go around in the company and their buddies first.

It's when you buy a new model home from a builder and the builder leases it back from you for an agreed period ranging from a year to possibly three years. Here are the pros I found..

Taxes Paid by Builder
HOA Fees Paid by Builder
No Property Management Fees
Maintenance Paid by Builder
Repairs and Upkeep Paid by Builder
Immediate Long Term Tenant
Reliable Rent Payments
Fully Loaded Home at Today's Prices
Homes are Meticulously Cared for at No Cost to the buyer
Excellent Cash on Cash Returns
Easy Resale

The cons would be that the builder goes bankrupt or just doesn't finish up the community.

I haven't found a lot of cons. This is where I'm hoping someone else here can point out the risks to look out for.

I've just come across this terminology today and I've been researching online to see what's the drawbacks on it. Seems that there are a lot more pros than cons. Any feedback on model leasebacks? Another question, where would you find them? I did a Google search but only found outdated articles and Youtube ads on them. Would the best way to go about it to just search for big homebuilders and contact them?

Congrats Michael!

Everytime I read one of your posts, I just get excited and pumped to get back into investing again. Keep me in the loop, too. Maybe I can fly up there to check out the property when it's done.

Cheers!

Welcome Fred!

I have only been on this site for a week and to say that it's been exciting and informative is an understatement. I am so happy that I stumbled upon it after a Google search. As Karen has pointed out, you can use key words to search for specific subjects you're interested in.

Awesome! How did you find this one?

Will Barnard Thanks for the suggetsion! I will definitely look into that.

And thanks to everyone else for the warm welcome!

Hey Brandon,

Thank you for the link and suggestions! I will definitely look into the Start Here page.

As for the kind of investing I'm interested in, it is wholesaling, preferably single family homes. Unfortunately, I don't have the $$ to invest but I do have time and motivation to learn and get started. As they say, knowledge is power and I hope BP will help me in finding the knowledge and connections I need to get the ball rolling.

Thanks again!

Hi everyone!

I found this site yesterday using Google search while I was searching for a real estate mentor. I came across Freedom Mentor by Phil Pustejovsky. Whether he's a scam artist or not, what I do know is that I need to start building a network to get started. I also need a mentor to help me along the way. I've been perusing the forums on and off all day, whenever I can since I do have a full-time office job. Of course, just like most people, I would like to leave this occupation and become a RE investor. Basically, if there are any mentors out there who would be interested in helping me get my feet wet and not drown in the pool of investing, I'd love to hear from him or her!

I recently went to a Dean Graziaso seminar and even though I didn't attend the entire seminar (simply because they wanted 2K to attend a 3-day course), I came out of it knowing that I would really like to research and possible delve into wholesaling.

So any comments or suggestions are welcome in where I should start here. Btw, this site is wonderful but somewhat overwhelming for a newbie like me.

Thanks!
Peggy