What You’ll Discover in Main Wholesaling Lease Options Course
Main Wholesaling Lease Options Course
Joe McCall – Wholesaling Lease Options – Main Course
First, let me tell you about my past. I bought a lot homes using traditional bank financing a few years back. When the banks started telling me that I couldn’t buy anymore homes, I started buying homes “subject-to” The existing mortgage. In 12 months, I had 12 houses. (And all of these homes were for sale on my part. Lease Options.)
Yes, I did own 12 homes. I believed I was a successful investor in real estate. I was both cash-poor and equity rich. I had lots and lots of 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 suddenly had serious cash flow problems.
Download immediately Main Wholesaling Lease Options Course
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.
However, I began to feel frustrated by the amount of marketing I was doing and how many leads I was losing from unmotivated sellers. 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 couldn’t help but get frustrated at the inability to help them.
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, “Why not just stop throwing away all those leads? Let’s do something with them!” Why can’t I put “Lease Options” “Wholesaling” Together, and make the same amount of money as I did with regular wholesaling.!
Let me now give you the lowdown on what it is. Wholesaling Lease Options are. These are the steps:
1) Find a motivated seller willing to sell their house. Lease Option
2) Purchase the property below an “Option To Lease Option” Contract
3) Find qualified tenant-buyer with a high down payment and a good chance of getting mortgage approval in 6-12 month.
4) Sign this Lease Option paperwork with the Tenant Buyer
5) Assign this Lease Option docs are returned to the seller
6) Keep the Option Consideration / Deposit and give the Seller the first month’s rent
Download immediately Main Wholesaling Lease Options Course
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. Nearly anyone can do one to two of these deals per month. 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
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