|
By James A.
Gage
The last
few weeks has everyone wondering whether real estate
investing is DEAD! REIA club attendance is down, real estate
agents are waiting tables or working at Wal-Mart, mortgage
companies are closing faster then the drop in value of the
US dollar and mortgages are almost non existing ( being
reserved for those with 20% down and FICO scores of 720 or
higher). So what is the simple answer? Here is my take as an
investor with 22 plus years of experience…
Yes,
times are uncertain and who knows what tomorrow will bring,
however, I believe that there is a tremendous opportunity
available to the real estate investor to bring in a steady
income with little or no risk! What is it? Lease Options!
I know,
most of you, my faithful readers have heard me over the
years advocating lease options as a way to be a leveraged
investor in an up, down or side ways market. Frankly,
when the housing market was booming most people didn’t pay
attention to lease options, but now that our great
politicians on both sides of the coin have gotten us into
this bailout mess, my phone has been ringing off the hook
with people wanting to know how they can cash in with lease
options – here’s why…
-
Control without ownership
- If
the deal doesn’t work out the way you thought it would,
you can get out of the transaction without any financial
harm – “the ultimate escape clause”!
- You
make non-refundable money at the beginning of the deal,
middle of the deal, and at the end of the deal!
- Make
10% - 15% above FMV because you are giving people terms.
- Use
lease options on single family homes, multi-families,
land, mobile homes, foreclosures, probates, new
construction and pre-construction
These are just a few reasons
that why you should take a serious look at lease options and
the many benefits they provide to you as a real estate
investor.
Please visit my site
http://www.jgage.com for lease option articles,
strategies and resources.
Of course you could always sit on the side lines and do
nothing.
"You are who you are and where you are because of what you
have put into your mind."
For more information or pricing please do not hesitate to
call or e-mail. I can be reached at
(508) 595-9567.
| |