Lease Options

Enlarge your long-term investments holdings and assist frustrated sellers when you know how to successfully manage lease options.

42
Hrs
Mins
Secs
07
04
42
Segments Duration
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INSTRUCTOR

Chris Wilson

Chris Wilson is a real estate investor and a licensed real estate agent with more than 30 years of experience! His businesses specialize in fix and flip, property management, wholesaling, land-lording and traditional real estate services. He has found success in residential, land and light commercial real estate transactions. He loves speaking and is willing to share his extensive wealth of knowledge with you, allowing inexperienced investors to benefit from his financial success!

Description:

"The king of Buy & Hold real estate investing is here to teach you the best strategies for building a real estate portfolio of long-term holding properties. You will also learn how to maximize your return on investment on each property by selling them over time using the lease option strategy. Go in-depth on how a Lease Option differs from a standard lease agreement, what types of different lease options are commonly used, and the best ways to put options to work for you. Learn how this powerful strategy can open up potential properties and projects that may not have been a viable investment under other strategies. Gain access to more buyers and sellers that may feel there simply is no solution for their problem. Understand contract requirements and legal issues surrounding lease options to ensure you avoid problems and common pitfalls in this powerful tactic.  Creative strategies like Lease Options can open up more potential investments, maximize profits by maximizing sales price and create a loyal network of clients for the future.

  • 01

    Pre-Assessment

    This Pre-Assessment is to raise awareness of your current knowledge level and give you a glimpse of the information covered in this course.

  • 02

    Instructor Introduction

    Chris brings up the three main types of Lease Options and the challenges and benefits facing those who do lease options.

  • 03

    Class Expectations

    What is an option? How does it affect the buyer? The seller? Our instructor covers the basic terms and concepts.

  • Show all 42 segments

    • 04

      Foreclosing on an Option and Options in Court

      Learn how to make sure your agreements, both option and lease, are done correctly and legally.

    • 05

      Lease Options and Equitable Interest

      Our instructor covers some of the things to avoid when doing a lease option, both as a buyer and as a seller.

    • 06

      Installment Contracts and Environmental Knowledge

      With all the regulations and legal issues involved, know how to protect yourself when you enter into a lease option.

    • 07

      Option Fee Credits to Purchase Price and Lease Options Defined

      The official definition of a lease option is discussed and dissected, so the class fully understands how it functions.

    • 08

      Residential vs. Commercial Options

      Understand which regulations apply to your transaction, residential or commercial.

    • 09

      If the Option is not exercised

      Learn what steps you can take to protect yourself if the option is not exercised, such as a 90-day notice.

    • 10

      First Right of Refusal

      What is the difference between a lease option and a lease purchase, and which one is the best choice for you?

    • 11

      Rent to Own

      This type of installment sale has legal risks and challenges, which Chris explains, compared to lease options.

    • 12

      Not Options

      Chris lists types of contracts that are not lease options, which generally should be avoided.

    • 13

      Mortgage Broker, Seller Financing, and Basic Rules

      Know the four cardinal sins of lease options, including owner's repairs and owner's bills.

    • 14

      Basic Rules Continued

      What does it mean to grant pre-exercise ownership and how can you prevent this from ruining your deal?

    • 15

      Strategic Tax Issue

      Chris addresses a question about whether or not to include prior options towards a purchase price and how it affects the taxes you owe.

    • 16

      Maintaining a Positive Options History

      Our instructor highlights some of the differences in your choices when you are the optionor versus the optionee.

    • 17

      Repairs and Adding Value

      When repairs add value to the property, the optionor is in danger of losing his deal. Chris explains how he handles repairs to avoid problems.

    • 18

      Lease Option Myths

      Chris covers some common myths, such as selling property at a premium and avoiding inspections.

    • 19

      Lease Option Myths Continued

      Know what the reality is about lease options today, including regulations and market fluctuations.

    • 20

      Ownership Changes

      The instructor covers several factors that surround ownership changes. Know what applies to your situation, so you can make the best choices.

    • 21

      Monthly Payments

      Learn what is typical, legal and safe to charge for monthly lease payments and how to avoid future conflict.

    • 22

      Truth and Reality

      What is the rule of thumb for setting an option fee and is it enough to make your lease option useful?

    • 23

      Floating Scenario

      Which type of option is best for you? Floating or Fixed. Know the pros and cons of each

    • 24

      Fixed Scenario

      Chris continues discussing the fixed and floating methods of options.

    • 25

      Lease Agreement Scenario Recap

      Chris shares how he sets up his lease and option agreements, his pricing and even the wording in his contract.

    • 26

      Keys to Success and Why Sellers Do Lease Options

      Six keys to success are shared to help you use lease options successfully.

    • 27

      Why Sellers Do Lease Options Continued

      Understanding the mindset of the sellers and the buyers involved in lease options can help you determine who you will sign an agreement with.

    • 28

      Disadvantages of Lease Options

      The main challenge of being an optionor is the necessity of dealing with tenants.

    • 29

      When to Exercise, Lending, and Paperwork

      Chris explains why he doesn't allow options to be exercised in the first twelve months and dives into various sources of funding

    • 30

      Lease and Option Should run Concurrently

      Why is it so important to have both agreements on the same timeline? Chris elaborates in this segment.

    • 31

      Option Exercised or Not and 1031

      Learn about the 1031 exchange and how it can be used with lease options, deferring property taxes until a future date.

    • 32

      Are Lease Options Legal in My State

      Though some states have more specific regulations, lease options are legal in all states. Know what laws your state has before you sign a lease option agreement.

    • 33

      Landlord Tenant Law and Federal Statutes

      Chris covers various laws and regulations, especially the Dodd-Frank Act, that should be fully understood and considered for lease options.

    • 34

      Specific Dodd-Frank Requirements and Issues

      Understand the effects of the Dodd-Frank Act and the IRS rule 55-540 to ensure your lease option enjoys smooth sailing.

    • 35

      Dodd-Frank Impact to Lease Options II

      Further clarification of the regulations now in place provide guidance to live class members.

    • 36

      Granting Equitable Interest and Due On Sale Clause

      Chris goes over the points a judge must consider when making a decision about a lease option. Know what factors will affect you in court.

    • 37

      Legal

      Recent regulations and legal decisions will affect how you do business, and Chris shares his opinion of what may happen in the near future.

    • 38

      Lease Option Examples

      Chris walks the class through a sandwich lease example, sharing what we can and cannot do according to the legal system today.

    • 39

      Lease Options- The New Way

      An example of a lease option, conforming to current regulations, including a few possibilities for selling the option.

    • 40

      Option to Sell

      What can you do if the Optionee doesn't exercise the option? Our instructor shares some strategies you can implement to make the most of the situation.

    • 41

      Issues to Remember and Avoid

      Chris lists the most important points to remember from this course, from setting up the agreement to long-term wealth strategy.

  • 42

    Post-Assessment

    This Post-Assessment is to measure your increased knowledge and see how much information you have retained from the course.