How to control a property without buying it, and how the strategy keeps you growing when your deposit money runs out.
Rent now, buy later. You agree a price today, rent the property for a set number of years, and have the option to buy it at that price. I’ll walk through a real offer letter so you can see how simple it sounds to a vendor.
A tired landlord or a vendor with an empty house can walk away today, with a buyer lined up and the price they wanted. Once you understand what they get out of it, the conversation gets much easier.
Very little money in, cashflow from the property while you control it, and any growth between your agreed price and the future value is yours when you buy.
With a normal purchase, every deal needs a deposit and your growth stops when the money does. With lease options the money in per deal is small, so you can keep adding properties. I’ll show you how.
Lease options need the right vendor and numbers that stand up, and the legal paperwork has to be done properly. Get it wrong and it costs you.
On the night I’ll show you how it works and where it goes wrong, using real deals and real numbers.
Bring your questions. There’ll be time for them at the end.
I buy, refurbish and run UK property, mostly HMOs in Swindon. My first lease option was North Street in 2019. I turned it into a five-bed HMO, ran it on the lease for four and a half years, then bought it.
I’ve spent years teaching property strategies to investors. This webinar is the lease options part, in plain English, from someone still doing the deals.