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Is Lease Purchase Investing For Everyone?
By James A. Gage
The obvious answer most individuals would say if polled is no! But I believe
the better question is - why not?
Let’s look at why I believe everyone should employ this strategy for real
estate investing, whether as a novice or seasoned professional. Let me pose a
question: Why do we get involved in real estate investing? To make money of
course. However, there is a myth circulating within the investing community that
traditional real estate and creative real estate investing has minimal risk.
Nothing could be further from the truth- let me explain.
I have been involved in real estate and other forms of investing for over 20
years and I can say without hesitation that all investing has risk, some more
than others that being said there is always one exception to the rule, in this
situation it’s Lease Purchase. You receive all the benefits of control of the
property without ownership- how can you beat that scenario? If the deal doesn’t
pan out the way you thought it would or the market turns against you in the
future, thus turning a profitable transaction into a potential negative one you
can walk away without losing hundreds of thousands of dollars. How? Because you
have not invested that kind of capital in the first place. We, as smart lease
purchase investors construct are contracts with iron clad terminology which
provides us with escape options.
Lease Purchasing, AKA Rent To Own is the ultimate creative real estate niche
strategy and can be used to control single family homes, condos, town homes,
mobile homes, land and multi-dwellings. This strategy can also be used on
foreclosures, probate, tax lien property and in place of low or no money down
strategies. We can use this strategy in a up, down or side ways market while
commanding 15%-20% above market rents and selling prices. The best part of this
great strategy is I can give full price offers if I so choose and still make
money. Do you think this alone will cause you to secure more deals?
In conclusion, I hope you can see the power of lease purchasing as I did many
years ago this is truly real estate investing leverage at its’ best.
James A. Gage. is a best-selling author and internationally-known expert in
Lease Purchase, AKA Rent To Own Real Estate Investing and Negotiating. He
Mentors One-On-One throughout the U.S. and across the world. James is also
director of the Gage Consulting Group, LCC , 800 Main Street, Suite 104 Holden,
MA 01520 . <http://www.jgage.com/>
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