Thursday, May 08, 2008

Lease Purchase online resources you can't live without !

Lease Purchase Online Resources

These are good days to be a Lease Purchase Investor. There are so many wonderful online resources to check prices (comps), find buyers & sellers, foreclosures, short sales, market a property locally or internationally, create and sell notes. The following are a few of my favorite online resources.

1. Great place to find homes and Lease Purchase or sell them, too. This is an innovative free online classified ad website that has a tremendous following.

2. Tons of real estate here and a great way to show your home to a large audience. I have several investors who have used this method exclusively and who have saved a fortune in real estate commissions and marketing costs. It’s a good place to locate deals and to find motivated sellers, too.

3. One of the new guys on the block. It offers free competitive prices and satellite pictures to boot. Don’t even ask me how much I have paid other commercial services for the same stuff which I can now get for free from Zillow. Excellent layout and easy to navigate.

4. Things are looking good. Here is another resource page with free access to historical purchase prices, estimates of current values, aerial photos and more. Freebie.

5. This amazing site that is owned by Google, actually allows you to have a free web site or better said a Blog (web log). The setup is simple and you don’t need a degree in “geek” to have an operational rent-to-own web page. 

6. Make a short video of the home you are lease purchasing and listen to the phone ring off the hook. Best of all its free and your video is also listed on Google.
Honorable Mentions and The old standards in search engine browsers. Both have payperclick sponsored listing so you can set up your own keywords. Free foreclosure listings and comps in major metro markets. you want fast results make sure you are using the 3 step staircase of success. An innovation in sales training where there are no more cold calls.
Contemporary Lease Purchase information including written, video and podcast audio. Here you will find personal, informative, humorous and slightly irreverent real estate information that no other resources will post. Enjoy!

Monday, May 05, 2008

The Who-What-Where and When of Lease Purchase

The Who-What-When-Where-Why & How of Lease Purchasing
By Claude Diamond

It’s a good idea to periodically review the basics of Lease Purchasing.
Who should do a Lease Purchase? Anyone who wants to do smart, profitable and non-adversarial real estate. There are many ways to do a deal, but few allow you to profit up front, limit liability, credit is not always an issue, small if any cash investment and no competition.

What is a Lease Purchase? Simply said, it’s a lease and a right to purchase (rather than an obligation). You have the same control as ownership without the liability. There is no violation of due on sale and there are great profits.

When do you do a Lease Purchase? There are many situations when optioning a property with a lease is so much easier and safer than buying a home or negotiating with alternative strategies. It’s great for the starting or seasoned investor. No more chasing tenants for timely rent payments, no more weekend maintenance. A Lease Purchase allows you to do what you do best as an investor. Your objective is to do deals and not get bogged down with time consuming and unprofitable activities.

Where do you do a Lease Purchase? Anywhere people live. Lease Purchasing works on all types of properties like single family homes, condos, town homes, mobile homes and land. You start out locally and then can develop a county, state, national or international business with very low overhead.

Why should you use Lease Purchasing? It’s smart real estate! You profit up front, without buying the home. You learn to control real estate instead of the other way around and you don’t need a real estate license. Let your competition do the old fashioned hard, complicated, costly and high liability stuff.

How do you do a Lease Purchase? You learn the concepts by studying my written, audio and visual information. CheckIn the case of someone who wishes to excel or make a career change, I recommend One-on- One Mentoring. There is no substitute for having your own success teacher.