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Wholesaling Lease Options Podcast by Mind Map: Wholesaling Lease Options Podcast
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Wholesaling Lease Options Podcast

Why Lease Options?

Fast

Easy - great for beginners & tool in belt of experienced investors

Very little risk

Tons of sellers who have no equity

Tons of buyers who want to buy but can't

You don't need to have super motivated sellers

Nice homes in nice areas

You can close deals very easily without seeing the house

Easy to outsource all your marketing and selling of the property to others

Do something with all those leads that you normally throw away

Great retirement strategy

What this podcast will be about

I am have a survey and a webinar coming up

I am updating my course - more of an emphasis on cash now, cash flow, cash later

Starting a new group coaching program - walk thru doing a deal from Prague

What helped me quit my job

The market is getting better

I am going to be focusing more on lease options again

Steps to LO and WLO

With everything - 3 keys

Everything starts with marketing

Get the property under a simple lease option agreement

Advertise "the contract" as a lease option for TB's

Prescreen TB's

SLO

WLO

Have an attorney and escrow company help you set these up

Example deal 1 - SLO

Example Deal 2 - WLO

Licensing Issues

I recommend getting your license

Always go into deal with the intention of staying in the middle

Hire a realtor to market your properties

If you decide to assign the contract, advertise the contract, not the property

Talk to your local attorney. Have an attorney do all your paperwork

Next Steps

Survey - go to show notes, or WLOSurvey.com

Doing a webinar - show notes or, WLOWebinar.com