#2 - Putting the Contract Together - No Money Lease Options

Name: #2 - Putting the Contract Together - No Money Lease Options
Rating: 4.9 (8 reviews)

Get an Agreement to take to a Real Estate Attorney

Created byLance LaGrange

Last updated 8/2022

English

What you'll learn

Put a Lease Option Agreement together and present it to the seller.

Course content

1 section • 18 lectures • 50m total length

Introduction1:52
This course will provide you with a editable Lease Option Agreement.
By the Numbers3:24
The numbers that will be referenced in the Lease Option Agreement.
Section 110:05
Breakdown and application of all the numbers.
Section 23:49
Explanation of why you never want to be pay the seller late.
Section 31:52
The most important part of this agreement. It will protect you.
Section 42:18
What are your obligations?
Section 52:17
Can you make improvements to the property?
Section 61:30
Who is responsible for insurance increases?
Section 72:43
Who is responsible for the maintenance of the property?
Section 81:37
Who is liable if something happen on the property?
Section 92:57
What is your exit strategy on this property?
Section 104:04
When can you exercise your option to buy the property?
Section 114:48
Can the seller borrow more money against the property?
Section 123:07
What happens if I default with the seller?
Section 130:39
Who is responsible for attorney's fees?
Section 141:35
What happens if the seller dies during the agreement?
Section 151:03
Should you get the agreement notarized?
Conclusion1:06
Would you like my assistance in putting an agreement together or negotiating a deal?

Requirements

You should be familiar with the numbers to put a lease option deal together.

Description

One of the most frequent questions I get asked when someone is interested in Lease Options is "What contract do you use?". Coming up with 20% down is a difficult task for most investors and can be the biggest hurdle when attempting to break into investment real estate. This is a step by step walk through the Lease Option Agreement I have used to acquire my rental properties. At the completion of this course you will have an agreement you can take to your local real estate attorney and get into compliance with local and state laws. You will be one step closer to achieving your goal of controlling a rental property with no money down.

With real estate being a great vehicle to becoming wealthy, this will be a great tool to help you begin with minimal resources. Once you acquire the property you will still have to maintain a good working relationship with the owner, but you will be on your way to building a real estate portfolio. Although Lease Options and Owner Financing a great tools to get your foot in the door of the real estate business, then end goal should be to acquire the title from the seller and have 100% control of your own property. That is how you build wealth!

Who this course is for:

Investors looking to acquire rental properties with no money down.