I’m sharing something exciting with you today. I spoke at an investing event in the Raleigh area over the weekend… taught the attendees about lease options.
One guy in the audience started texting landlords from Craigslist while I was talking, and got 2 appointments for the next day. That’s an inspiration to me, and I hope it will be to you.
North Carolina has laws that protect lease option tenants, but they’re not onerous. Actually, the provisions of the law are pretty smart.
Remember that ‘action’ mode beats ‘getting ready’ mode every time. Stop getting ready and jump in.
Listen and learn:
What’s inside:
- Take massive action
- Execute deals using what you do know
- Stop worrying about what you don’t know
Mentioned in this episode:
- Joe’s podcast on iTunes: Real Estate Investing Mastery Podcast
- Podcast Hotline: 636.255.8815
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I’m Vickie Woodard in Little Rock, Arkansas, I have a lease option on a SFR and a distressed commercial property. I’ve done 8 deals for distressed doors this year; a four unit and four other properties. With my lease option, my strategy is to hold the property. I need money to finish the rehabs. The seller doesn’t have any money, so I have to go elsewhere. How can I get someone else to help pay for the renovations. Can a conventional banker help me with this? The numbers are: lease/option purchase 39Kwith 4000 down & no payments for the year ARV 110000, rehab 25K remaining rehab 12K.