Main Wholesaling Lease Options Course

Yes, I owned 12 houses. I thought I was a successful property investor. However, I was cash poor and equity rich. I had lots equity. File Size: 577.6 Mb

Main Wholesaling Lease Options Course

Joe McCall – Wholesaling Lease Options – Main Course
First, let me tell a bit about myself. I had purchased many homes with traditional bank financing years ago. When the banks started telling me that I couldn’t buy anymore homes, I started buying homes “subject-to” I was paying the mortgage. In 12 months, I had 12 houses. (And all of these houses were sold on). Lease Options.)

Yes, I owned 12 houses. I thought I was a successful property investor. However, I was both cash-poor and equity rich. I had lots equity. (Actually, I thought I had lots of equity… but then the market crashed! Can you relate? When you are only making $100 – $200 per month cash flow on each house, that money quickly disappears in vacancies and repairs. I was suddenly faced with a serious cash flow problem.

I realized that I needed to fix my cash flow problem – and fix it quick. That’s when I started wholesaling houses. So then I started spending thousands and thousands of dollars on marketing – direct mail, Google adwords, websites, signs, etc. I was getting lots of leads and was beginning to make good money.

Then I got very frustrated that I was spending so much on marketing and losing so many leads to sellers who weren’t motivated. Maybe they didn’t have enough equity. Maybe they did have enough equity, but they weren’t willing to share any of it with me! A lot of my leads weren’t behind on payments. I didn’t have any options to help them and was becoming really frustrated.

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So here I was – I loved buying properties and I was really good at selling them on lease options, but I had a serious cash flow problem. The cash flow I received from traditional wholesaling was amazing, but I was unhappy with how much time and money it took to market wholesale deals. That’s when it hit me…

Why not wholesale? “Lease Options”?! (Or do a “Cooperative Lease Option”?)

Let’s look at some facts…

1) There are TONS of sellers out there who can’t sell their home. They either have very little equity or they aren’t willing to discount their home to 70% of ARV to compete with the banks.

2) There are TONS of buyers out there who can’t buy a house.

I thought to my self, why not put those leads away and make something of them? Why can’t I put “Lease Options” And “Wholesaling” You can make the same money selling them together as you did when you were doing regular wholesaling.!

Let me now give you the lowdown on what it is. Wholesaling Lease Options are. These are the basics:

1) Find a motivated seller willing to sell their house. Lease Option

2) Purchase the property below an “Option To Lease Option” Contract

3) Look for qualified tenant-buyers with a high down payment and a chance of getting a mortgage in 6-12 month.

4) Sign this Lease Option paperwork with the Tenant Buyer

5) Assign this Lease Option docs to the seller

6) Keep the Option Consideration / Deposit and give the Seller the first month’s rent

7) Instruct the Tenant Buyer to participate in a credit-repair program with your mortgage broker.

8) Deposit your money & move on to the deal!

Real simple… really! That’s why I love this business so much. These deals can be done by almost anyone. Imagine what you could do with an extra $3,000 – $10,000 in “Hip Pocket National Bank” Every month!

Here’s what you’ll get in Main Wholesaling Lease Options Course