What are the benefits to me?
Without a doubt, it is the quickest, easiest and least expensive way to buy, sell and invest in real estate.
It replaces the typical adversarial relationship that usually exists between buyers and sellers with a win-win method of transferring real estate ownership. As a result, it is highly prized by those who know about its powerful features and benefits.
If you're the buyer, you will have minimum cash out of pocket, credit problems are okay, faster equity growth, increased buying power, time to kick the tires and peace of mind.
If you're the seller, you will have a top sales price -- even if demand is low, positive cash flow, the largest market of buyers, minimum risk, no realtor commissions, no maintenance, no landlording and (my favorite) a non-refundable option deposit.
Will it work in my area?
Yes, it works very well in all markets, both hot and cold (and anywhere in between), and is perfectly legal in all 50 United States, Canada, Australia, the UK and any other country which has a free-market economy where lease agreements and option agreements are legal.
How much money do I need to start?
Technically, a buck will get you started. Most experienced lease purchase investors make a healthy upfront profit on every deal they do, therefore, you probably won't need any money to get started. However, if you're a beginner and you don't have any collateral for the option deposit, it would be to your benefit to have $500 - $2,000 in the bank. This money can be used for your option deposit, to cover late payments from your tenant/buyer or unexpected maintenance.
Is it legal?
Yes, it's perfectly legal in all 50 United States, Canada, Australia, the UK and any other country which has a free-market economy where lease agreements and option agreements are legal.
Should I incorporate my business?
Incorporating your Lease 2 Purchase business will provide you with some solid protection for your personal assets in the event you are sued. If you're just starting out, I recommend holding off on this until you get a deal or two under your belt. Once you've decided that you like the business and you're going to continue on with it, then consider incorporating.
What should I do first?
You can't learn the lease purchase business in any university. Some gurus offer boot camps, seminars and mentoring, but they are ridiculously expensive and range in price from $1,000 to $25,000 and up. Therefore, the only way you can learn this business for a reasonable price is to get yourself a good course, study it, then apply it.
You won't find these courses in any bookstores or shopping centers. The only place to get them is on the internet or by responding to a television infomercial.
Most of these courses are good, but most of them are expensive. My course, The Lease 2 Purchase Handbook and FREE CD, is currently on sale directly from this web site for only $147. Get it NOW and start profiting TODAY.