Mastering Lease Options | A Game-Changing Strategy for Real Estate Investors

[@jeya9139]

you ,,YOU ,, YOU changed MY LIFE ,,

[@ChrisGoff]

Thank you, and I'm glad I've helped!

[@vanessafrazier4516]

Chris would you do this if they don’t agree to a sub to ? Also it seems like a lot to manage do you have someone like a property manager that will manage everything like payments, complaints repairs?

[@ChrisGoff]

I generally don't seller finance properties with little to no equity, and that is the reason I would do a lease option. You can have management companies manage these for you, but it's not as difficult as it may seem. Hope this helps!

[@Sarah19604]

How would you prevent the seller from taking out a HELOC or other lein during your 3 year option period that would cloud title and prevent a future sale? Do you, when giving your option premium/ down payment, cloud the title to protect your interest?

[@Sarah19604]

BTW, thank you for all of the helpful information that you have shared!

[@ChrisGoff]

This will be stated in the contract, so the seller cannot take out a HELOC that would exceed the contract price you have with them. Clouding the title with an affidavit is always a smart thing to do. We have the contract and affidavit in REIPro Software. Hope this helps and appreciate the comment.

[@Sarah19604]

@@ChrisGoff thank you for your reply, that makes sense. Your software looks like a good value…especially if it has contracts

[@apostlemarvinomede3961]

Thank you so much Chris

[@centroforex]

Is lease to own a subject to deal? Or are they both different that could be combine?

[@ChrisGoff]

These are 2 completely different strategies. I have several training videos on seller financing/Sub-2 so be sure to check them out. Hope this helps!

[@SarahRubio-jv8pf]

Hello, do you need to be a licensed agent to work with tenant buyers and assign an option?

[@ChrisGoff]

In most states, no. Some states will require a license. Check with your state requirements in regard to assignments.

[@wisediamond830]

What contracts are needed and who gets what contract?

[@ChrisGoff]

A Lease Option contract is all you need. You can find ours at: www.myreipro.com/

[@dylanwillbanks5484]

How would i pitch a lease option with a listing agent involved? Would i go straight to the seller or go through their agent?

[@ChrisGoff]

If the property is listed, you should go through the agent, but will need to explain your offer. A great way to explain this is that you work with buyers looking for Lease Option opportunities. Would the seller consider this option? Especially if the property doesn’t sell.