This episode is the first of a 4-part series on wholesaling lease options. I’m taking you through the basic steps to illustrate how simple this area of investing can be.
In Part 1, I go over how to find your targeted area. Using a site like Trulia, you can begin your research in a zip code that’s your prime target area. You are looking for nice houses in nice neighborhoods. Your goal is to be the lease option king of that zip code.
The competition is not as fierce as it is for wholesale flips because you’re looking for a different type of property.
Next, you’ll seek out potential lease option sellers. And I go over the easiest, simplest and yet the most effective online marketing strategies. These are marketing strategies that I use in my own business. I also give the particular lists that I prefer—the ones that work for me.
Also, we are now looking to do more deals in new areas. To accomplish this, we are seeking apprentices. Are we looking for someone like you?
Watch and Enjoy:
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What’s inside:
- Quick market research (your targeted zip code)
- Online marketing
- Effective direct mail strategies
- Bandit signs—the best wording (it works)
- Details of our new apprentice program
Mentioned in this episode:
- Joe’s podcast on iTunes: Real Estate Investing Mastery Podcast
- Joe’s Coaching Program: Joe McCall Coaching
- Podcast Hotline: 636.255.8815
- Trulia
- Zillow
- Craigslist
Hi joe, thanks for the podcast. I enjoyed your podcast. I would like to implement your strategy but have one question. If you send yellow letter to FHA/VA last 3-7 years, will they be able to sell it on lease option? If they don’t have money and equity, don’t they just want to sell it straight?
David, this isn’t going to work for everyone. Obviously, if they could sell it, they would. As far as I know, FHA & the VA will allow sellers to lease their houses. They probably won’t be able to buy another house with FHA or VA financing, but that doesn’t mean they can’t get another type of loan.