SJREIA Main Meeting - Cherry Hill Holiday Inn @ 6pm
National speaker: Jim Aydelotte, "The Lease Option Coach"
Lease options provide the ideal solution for a number of reasons…
- It requires little or no money to get started. That’s huge for many people, because if you were like me – I lived paycheck-to-paycheck. I did not have the funds needed to invest in properties.
- It allows you to take control of a property without taking title to it, thus drastically reducing the risk involved normally associated with investing tens of thousands of dollars, or more.
- It is the only strategy that I know of that can put several thousand dollars into your bank account in as little as 30 days!
Here’s an example of a typical sandwich lease option deal….
A seller has a house worth $125,000, and owes $100,000 on a first mortgage they would like to sell. Their monthly principle, interest, taxes, insurance (PITI) payment is $930/mo.
The seller agrees to lease the house to you for $110,000 on a lease option contract, cover their monthly payment of $930/mo, and you agree to give them $1,000 down.
You lease the house to a tenant/buyer for $129,900, receive 5% or $6,500 down, and $1,150/mo. Your seller gets $1,000 from the 5% down paid to you, leaving a ‘front end’ balance of $5,500 with a monthly spread of $220/mo.
Let’s say that your tenant/buyer gets qualified for a loan in 18 months, you will have made $5,500 on the ‘front end’, $220/mo x 18 months = $3,960, PLUS the ‘back end’ difference between your balance to the seller of $104,000 (you paid $1,000 down) and the balance the tenant/buyer owes of $19,400 ($129,900 – $6,500 = $123,400, less the $104,000 you owe the seller).
Your net profit would be $5,500 + $3,960 + $19,400 = $28,860 – all for doing nothing but signing two sets contracts on a property you neither owned, took title to, nor had to get a loan or use your credit for.
With all of these positive aspects, and all of the potential for financial reward, lease options are the absolute best strategy for making a significant amount of income as quickly as possible.
FREE BONUS CD - For first 50 >>> 'Having the Right Mindset to Succeed'
Open to the public! SJREIA is a networking and education association for all levels of real estate investors. We offer education in many different aspects of investing and offer unlimited opportunity to be with other like minded people.
Location: The Holiday Inn, 2175 W. Marlton Pike (Rt. 70), Cherry Hill, NJ
Time: Doors open @ 6pm - Presentation begins at 7 pm
Cost: Members attend for FREE; Visitors are FREE too.
MEETING SCHEDULE:
6:00-7:00 – Visit with Business Affiliates & Networking
7:00-7:15 – Announcements
7:15-9:30 – Main Speaker/Presentation
9:30-10:00 – Networking
9:45-10:15 – Room Clean-up