Lease option for multifamily?

Question

Hi all. I'm new around here but have been looking into investing in real estate for a while now. My husband and I will be looking for a lease option (rent to own) home and would liketo get a multifamily home because we want to begin investing in RE. Is this even possible? Anyone have experience in this area? TIA

Brian Gibbons · Answer

@Joe Fairless, @Misty  W. , @John Jackson @Bill Walston   and @Chad Carson are all great seller financing coaching folks here.

See

https://www.google.com/search?q=Apartment+financin...

for financing apartments.

Read @Brandon Turner s cool Creative Finance book and @Ben Leybovich knows all about creative finance with multis.

Learn how to talk with sellers and find a good attorney.

Get a good CCIM realtor.

Get to Landlord Tenant Assoc meetings.

And go Pro here at BP.  You could just find a Money Credit Partner on BP!

See

http://www.biggerpockets.com/forums/12/topics/1098...

Lydia Hughes · Answer

Thank you Brian.

Brian Gibbons · Answer

Search master lease option and get the basics

Kris Cieslinski · Answer

Thank you Brian.

How do you feel newbie approaching apartment complex owner with lease option?

Brian Gibbons · Answer

@Lydia Hughes

Search here

http://www.biggerpockets.com/search?utf8=%E2%9C%93...

Lydia Hughes · Answer

Hi my name is Lydia and I'm a newbie too.  How does the lease option work when purchasing a single family home?

Brian Gibbons · Answer

I would search here in BiggerPockets about "master lease options" where you guarantee to the seller a minimum NOI or net operating income as a master tenant, then create new leases

Get an option to buy based on that NOI

And manage that property with great property management and increase the NOI  by raising rents and making expenses decrease

Good luck

Kris Cieslinski · Answer

Joe, would you share with us more details with your lease option deal on apartments?

I am interested to send offer on Multifamily. One is 20 units other over 400 units. Just curious what would be the best approach for these deals. I am new, purchased only my two previously houses I lived in. I would like to hear from BP investors how newbie can do it. I have some info on one 20 units complex and looking for advice.

John Jackson · Answer

He's not on this board but research my good friend Lance Edwards.

Frankie Woods · Answer

Welcome to BP!  No question will get you laughed at here.  There are members at all stages of the investing pendulum here!  Never be afraid to ask!  Lease options are a good way to use creative financing.  Good luck!

Lease option for multifamily?

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