What You’ll Discover in Joe McCall Wholesaling Lease Options Main Course
Joe McCall – Wholesaling Lease Options – Main Course
First, let me tell you about my past. 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 did own 12 homes. I thought I was a successful property investor. However, I was 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 anyone 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 many leads, and I was making some serious 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.
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. While I enjoyed the traditional wholesaling’s cash flow, I was also frustrated by the amount of effort I spent marketing wholesale deals and the results I got. That’s when it hit me…
Get your instant download Joe McCall – Wholesaling Lease Options – Main Course
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” “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 basics:
1) Find a motivated seller willing to sell their house. Lease Option
2) Place the property in an “Option To Lease Option” Contract
3) Locate a qualified tenant-Buyer who can afford a large down payment and is likely to be approved for a mortgage within 6 months.-12 Months
4) Sign the Lease Option paperwork for the Tenant-Buyer
5) Assign the Lease Option docs are returned to the seller
6) Keep the Option Consideration / Deposit and give the Seller the first month’s rent
7) Place the Tenant-A buyer in a credit program with your mortgage broker.
8) Deposit your money & move on to the deal!
Here’s what you can expect in the new book Wholesaling Lease Options – Main Course
IMPORTANT: This is it. “Joe McCall – Wholesaling Lease Options – Main Course” It is totally Downloadable You will have access to it immediately. In the event of a broken or lost link, we will quickly renew your link. We appreciate your patience.
