Hi Investors,
How do you find owners willing to do a lease option or purchase? Not sure the proper name for it, But basically leaves you with control of the property with out you actually owning it. I would like to get into this but dont know where to start. Some help would be great.
Thanks
Andrew
Hi Andrew
One of the best ways to find owners who may be interested in giving you the opportunity to buy their property via a Rent To Own, i.e. a Lease with an Option, is to contact owners who have had their property up for sale and are now in the process of putting it up for rent. We find property managers to be a great resource in finding these frustrated sellers.
Lease/Options are part of the real estate vendor finance industry, an industry you seem interested in from your post. I'd suggest your first move should be to research and then do some more research
A few web resources that may help in your search for information are:https://www.propertyinvesting.com/strategies/wraps
https://www.propertyinvesting.com/str…/lease-options
http://www.jvpropertypartners.com.au…d=50&Itemid=75
http://www.vendorfinancelawyer.com.au/
http://www.vendorfinance.asn.au/ The Vendor Finance Association of AustraliaOnce you have researched and read as much as you can, it's worth considering how to get more detailed information/education. Possibly with one of the educators out there or via some hands on learning with an experienced vendor financier.
Cheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone MeAn alternative way to finance your home.
A few web resources that may help in your search for information are:You must be logged in to reply to this topic. If you don't have an account, you can register here.
