Читать книгу Sandwich Lease Options: Your Complete Guide to Understanding Sandwich Lease Options - Wendy Patton - Страница 4

Lease Options are a way to purchase real estate, usually with very little or no money down, sometimes even with money back in the investor’s pocket. Sound too good to be true? Well, it isn’t. Can an investor end up with money in their pocket and not have to put 10 to 20 percent down to purchase real estate? Yes. These techniques are commonly used today by hugely successful investors. This book is going to show you how you can find sellers and homes you can purchase with little or no money down – truly the fastest way to Future Financial Freedom (FX3).

A lease option is a strategy that gives an investor the right to lease a home and also the right to purchase the home during or before the end of the lease period. An option is a contract that gives its purchaser the right to exercise a privilege. In the case of real estate investing, it gives the investor the right to purchase property during a contracted period of time. It is a technique that involves gaining control of a property, without the added burdens of ownership. All money made in real estate is made by controlling property. Owning property is the most obvious way to control it, but control is possible without ownership – and control is what makes the money. It was a dying John D. Rockefeller who told all of us his secret to achieving great wealth, “Control everything, own nothing.” All of today’s most successful real estate developers utilize options.

It is important to be aware that there are some risks involved with this technique, but I will cover these risks later on to help you minimize your exposure. The rewards that can come with lease options truly far outweigh the risks, so long as you keep aware of all that is involved. All real estate investing involves some level of risk. Lease options, because of how they are done, are truly the safest way to invest (in my opinion). Real estate investing is truly the quickest and best way to build lasting wealth. Many of the world’s wealthiest people acquire much of their wealth through investing in real estate and also using options.

While sandwich lease options can build you tremendous wealth, they usually shouldn’t be considered a short-term investing strategy. I define a short-term strategy as one in which the time that passes from the start of the transaction to completion (cashing out) is less than one year. A classic example of this would be a rehabbing project (fixing up a house and reselling it). The other side of the spectrum would be a longer-term strategy, such as buying a rental property and renting it over many years. I consider sandwich lease options to be in the center of that spectrum, usually requiring one to three years for the best payoff. However, you can always immediately sell the deal to another individual or investor for a profit; this is what is called in the business wholesaling or cooperative lease options (more on my website about these techniques). This can be done if you buy the property at a low enough price that you can turn a profit by selling the deal to another investor at a discounted price.