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One of the questions that I get asked almost daily is "Todd, how is lease purchasing working in these economic times?"
I'll make this short and sweet. You can make the lease purchase strategy work in any market, but right now is lease purchase insanity.
Motivated sellers are growing on trees and buyers are having a heck of a time qualifying for a loan.
Put these together and we have the perfect lease purchase storm brewing. Our students are cleaning up and doing more deals then ever. Personally, I just locked up a great property this morning for nothing down.
Wanna chat about the biz or 1-on-1 mentoring? Give me a call (619) 464-2232.
I think “lease to own” is the most convenient way in getting your own home. Especially when it comes to monetary issues. You enter into an agreement with the owner that gives the right but not the obligation to purchase. And with lease to own some portion of your payment goes toward paying down the value of house leased in the event you wishes to exercise the option.
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