In this week's Investor Success Podcast episode, your host Jim Ingersoll talks about using Lease Options to earn 5k to 10k with special guest, Jim Aydelotte
- What is a lease-option?
- How to put a check into your account in the next 60 days
- How to locate motivated sellers for lease-option deals
- How to quickly screen for seller motivation in a couple minutes on the phone
- What to do when you meet at the seller's house
- How to structure lease-option terms:
- Equity of at least $20k
- Monthly net cash flow of at least $300/month
- Length of term at least 5 years
- Exit strategy to a near qualified tenant/buyer
- How to quickly find your tenant-buyer using Facebook garage sale groups
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