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.Also,it states your fee covers the education of the eviction process and thecalendar we provide showing them what to do when is an example only.How do you know how to do an eviction? Well, if you are NOT an expertat this already, you should arrange to meet with an eviction attorney andpay him to answer everything.You can also contact a local investor'sgroup and see if there are eviction packets you can learn from. pg.42How much do you charge, why do people use you and when do youcollect? One expert charges $225.Why $225? Because the attorney intown does this for $475.The attorney in town is slow and files all of hisdocuments weeks and weeks after he should.He is not a landlord andnever has known the pain of eviction.He gets paid regardless of whathe does.So the job of our example expert is to be better, cheaper andmore effective.You collect your fee at the time you sign your agreementand start the forms.Real Estate Investing Without MoneyDoes It Really Work?Here are the stories:Most of us would like to acquire properties while taking as little moneyas possible out of our pocket.This allows us to have a reserve ofsecurity cash in the bank and allows us to use our money for otherthings such as investments, vacations and big-people toys.You may be asking yourself how can you buy a house for less than 5-20% down plus closing costs and prepaids (which typically amount to anadditional $3,500).The answer to your question is short and sweet the lease purchase contract.These real-world examples will prove to you how quick and easy it is tobuy a home with the lease purchase contract:Experience #1While sitting at my desk shuffling through some paperwork, I got aphone call from a friend of mine who knew I was looking to move nearhis neighborhood.He told me that he drove by a beautiful home on alake that had a For Rent sign in the front yard and that it would beperfect for me.So I drove by the home for myself to see what it was allabout.It was perfect!I jotted down the phone number from the sign and returned home.I didsome research to determine what the home might be worth and what thefair market rent was.With my numbers in hand, I drove back out to thehome and knocked on the door. pg.43To my amazement, it was old friends who were clients of mine when Iwas selling insurance a few years ago.I couldn't believe it!We talked about old times and, in short order, got down to business.They told me that they were asking $1,600 per month for rent.I askedthem if they would consider selling their home and they said yes, as longas they got no less than $180,000.I knew from my research that theirhome was worth a little more.I offered them the following lease purchase deal: $2,601 down (firstmonth's rent plus $1,000 for the option deposit), $1,650 per month rent,$300 per month rent credit, a term of 4 years and a sales price of$195,000.They accepted my offer without batting an eye.The owners now have a positive monthly cash flow of $480, they have atenant who will take care of their home as if it was their own (which it is),they have a written sales agreement for $195,000 in 4 years plus theysaved thousands of dollars in real estate commissions.In 4 years I will have over $15,400 in equity ($400 x 48 months +$1,000) so I probably won't have to come up with a down payment whenwe close, I paid a minimum amount of money to gain control of awonderful home, my closing costs are delayed for 4 years, I will profitfrom any appreciation in value of the home, I don't pay any taxes and Ihave a limited exposure to liability.This entire process took less thantwo days to complete!Experience #2Isn t it great to know you can invest and make more money with fewerheadaches using leverage to control homes, not own them?Every real estate investor knows about leverage (the use of borrowedfunds to improve one's capacity and to increase the rate of return on aninvestment).And every real estate investor knows that tenants cansometimes be a headache.But most real estate investors do not knowthat if you control a home, rather than own it, you can make huge profitswith very little expense.What do I mean when I say "control homes?" What I mean is this.Youhave total and complete control over every single aspect of the home,but your name is not on the deed.You can live in the home, you canmake improvements to the home and you can even sell the home. pg.44How is this possible? Simple.A lease contract puts you in immediatecontrol of a home as far as occupancy is concerned.When you throw anoption to purchase contract into the mix, you now have an exclusiveright to buy the home at a later specified time for a specific amount ofmoney.Let's talk about how we can make a lot of money with very fewheadaches using leverage to control these homes.I will try to keep itshort and sweet.First, find a seller and negotiate the control of his/her home with a leasepurchase contract.Let's say that Sally the seller agrees to leasepurchase her home to you for the following terms: $700 per month rent,$1,700 down ($1,000 option deposit and $700 for first month's rent), a$250 monthly rent credit, a sales price of $75,000 and a term of 1 years.Assume that you got a pretty good deal and there is a little room formark-up.Since you know the value and appeal of the lease purchase contract tobuyers who cannot qualify for a mortgage for one reason or another, youcan jack up your sales price and monthly payment.You place aclassified ad in your local newspaper and your phone rings off the hook.Your ad reads like this, "Rent-to-Own.No Qualifying! $3,800 down, $800per month [ Pobierz całość w formacie PDF ]
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.Also,it states your fee covers the education of the eviction process and thecalendar we provide showing them what to do when is an example only.How do you know how to do an eviction? Well, if you are NOT an expertat this already, you should arrange to meet with an eviction attorney andpay him to answer everything.You can also contact a local investor'sgroup and see if there are eviction packets you can learn from. pg.42How much do you charge, why do people use you and when do youcollect? One expert charges $225.Why $225? Because the attorney intown does this for $475.The attorney in town is slow and files all of hisdocuments weeks and weeks after he should.He is not a landlord andnever has known the pain of eviction.He gets paid regardless of whathe does.So the job of our example expert is to be better, cheaper andmore effective.You collect your fee at the time you sign your agreementand start the forms.Real Estate Investing Without MoneyDoes It Really Work?Here are the stories:Most of us would like to acquire properties while taking as little moneyas possible out of our pocket.This allows us to have a reserve ofsecurity cash in the bank and allows us to use our money for otherthings such as investments, vacations and big-people toys.You may be asking yourself how can you buy a house for less than 5-20% down plus closing costs and prepaids (which typically amount to anadditional $3,500).The answer to your question is short and sweet the lease purchase contract.These real-world examples will prove to you how quick and easy it is tobuy a home with the lease purchase contract:Experience #1While sitting at my desk shuffling through some paperwork, I got aphone call from a friend of mine who knew I was looking to move nearhis neighborhood.He told me that he drove by a beautiful home on alake that had a For Rent sign in the front yard and that it would beperfect for me.So I drove by the home for myself to see what it was allabout.It was perfect!I jotted down the phone number from the sign and returned home.I didsome research to determine what the home might be worth and what thefair market rent was.With my numbers in hand, I drove back out to thehome and knocked on the door. pg.43To my amazement, it was old friends who were clients of mine when Iwas selling insurance a few years ago.I couldn't believe it!We talked about old times and, in short order, got down to business.They told me that they were asking $1,600 per month for rent.I askedthem if they would consider selling their home and they said yes, as longas they got no less than $180,000.I knew from my research that theirhome was worth a little more.I offered them the following lease purchase deal: $2,601 down (firstmonth's rent plus $1,000 for the option deposit), $1,650 per month rent,$300 per month rent credit, a term of 4 years and a sales price of$195,000.They accepted my offer without batting an eye.The owners now have a positive monthly cash flow of $480, they have atenant who will take care of their home as if it was their own (which it is),they have a written sales agreement for $195,000 in 4 years plus theysaved thousands of dollars in real estate commissions.In 4 years I will have over $15,400 in equity ($400 x 48 months +$1,000) so I probably won't have to come up with a down payment whenwe close, I paid a minimum amount of money to gain control of awonderful home, my closing costs are delayed for 4 years, I will profitfrom any appreciation in value of the home, I don't pay any taxes and Ihave a limited exposure to liability.This entire process took less thantwo days to complete!Experience #2Isn t it great to know you can invest and make more money with fewerheadaches using leverage to control homes, not own them?Every real estate investor knows about leverage (the use of borrowedfunds to improve one's capacity and to increase the rate of return on aninvestment).And every real estate investor knows that tenants cansometimes be a headache.But most real estate investors do not knowthat if you control a home, rather than own it, you can make huge profitswith very little expense.What do I mean when I say "control homes?" What I mean is this.Youhave total and complete control over every single aspect of the home,but your name is not on the deed.You can live in the home, you canmake improvements to the home and you can even sell the home. pg.44How is this possible? Simple.A lease contract puts you in immediatecontrol of a home as far as occupancy is concerned.When you throw anoption to purchase contract into the mix, you now have an exclusiveright to buy the home at a later specified time for a specific amount ofmoney.Let's talk about how we can make a lot of money with very fewheadaches using leverage to control these homes.I will try to keep itshort and sweet.First, find a seller and negotiate the control of his/her home with a leasepurchase contract.Let's say that Sally the seller agrees to leasepurchase her home to you for the following terms: $700 per month rent,$1,700 down ($1,000 option deposit and $700 for first month's rent), a$250 monthly rent credit, a sales price of $75,000 and a term of 1 years.Assume that you got a pretty good deal and there is a little room formark-up.Since you know the value and appeal of the lease purchase contract tobuyers who cannot qualify for a mortgage for one reason or another, youcan jack up your sales price and monthly payment.You place aclassified ad in your local newspaper and your phone rings off the hook.Your ad reads like this, "Rent-to-Own.No Qualifying! $3,800 down, $800per month [ Pobierz całość w formacie PDF ]