AAA342 Different Creative Strategies on How to Wholesale Lease Option-Joe McCall

Feb 17, 2020


In this podcast, you'll learn:

  • Lease option is the easiest way to do deals.
  • Wholesaling lease options is just one strategy that you can have as a tool in your tool belt.
  • Be creative. Give the seller 3 offers.
  • Lease options is more fair to the sellers and its a great way to create a win-win
  • What is a Lease Option Assignment or Wholesaling Lease?

Three profit center for a Sandwich Lease Option

  1. Cash now
  2. Cash flow
  3. Cash later

How to protect yourself from a re negotiation on the agreement with the seller:

  1. Record a Memorandum of Option in the county of records
  2. Get a limited power of Attorney
  3. Cloud the title

What is a lease option? Usually is a 2 separate documents a Lease and an Option Purchase Agreement.

Listener Questions:

  1. How do you structure deal when there's so little equity as a lease option?
  2. Is there a way to pay full price and still turn a profit?
  3. Have you ever had an owner try to re negotiate on the agreement and take it back from you?
  4. How to structure a deal on a paper?

To get your free book visit: wlobook.com To connect with Joe's Team, email: support@joemccall.com

Sponsors: Think Multifamily (https://thinkmultifamily.com/podcast)

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