Lease options

[Hart Hagan]

I am getting started, and about ready to send out my first mailing. I am purchasing my leads from listsource.com. The question is which list will I use. My inclination is to focus on rent to own/lease options. That would suggest that I target homes purchased in the last 1-3 years, with a value of 125-250k. Am I on the right track with that? What has been your experience?

[Don Konipol]

"Just so I'm clear on what's being discussed here, are we talking about doing a lease to own agreement with a current owner/landlord and then renting it to a tenant rather than it being owner-occupied. If so, I've toyed with this idea but can't seem to answer some of the concerns and questions that keep popping in my head, and therefore would likely arise with the owner."

Page Huyette, that's because the people responding to the OP's question are in the business of SELLING ADVICE about lease options, therefore not giving the true picture of the many difficulties of completing enough successful transactions to make a strategy worthwhile. As a general rule, people selling a particular strategy tend to oversimplify, exaggerate, downplay the difficulties, risks and neglect to mention the expertise, capital and experience it takes to be successful in any aspect of the real estate business or any business for that matter.

Interestingly, investors (of any particular strategy), that are not selling something, will tell you how hard they worked, how much experience they needed, how lucky they were, and how many years they "put in" on the way to success.