Lease Options/Purchase Course

[A. Christopher Rose]

I'm looking to expand my knowledge in lease options/purchase. Does anyone have any suggestions? Something you used that was great or just plain awful.

Thanks for the help. :cool:

[Michael Rossi]

Do you really need a course to do a lease-option? Here's everything you need to know about it:

Buy a house. Rent it out. Charge the tenant an option fee (in addition to the normal security deposit) and sign an option contract giving them the option to buy your house at a specified price for the next 12 months!

You just saved $1,495 and you now know everything there is to know about lease options.

Here's a bonus that the gurus will never tell you in their $1,495 course - NEVER DO A SANDWICH LEASE OPTION!

No extra charge!

BTW, I have been at several state REIA conventions and attended several guru sessions on lease options. During the boom, their strategy was to buy a property (pretty house) at retail and do a lease-option at higher than market rent and with an option price well above market price. The idea is that you would make your money in a year when you sell. If you followed this RIDICULOUS strategy, where would you be today? BROKE!

The days of all these silly guru nonsense strategies and gimmicks are over. We're back to reality and will probably be here for many years. If you want to survive in real estate today, you've got to get back to basics and learn to run a BUSINESS! (no extra charge for this rant either)

Good Luck,

Mike