The question the 24-Week Challenge poses is how do real estate investors build real wealth and freedom without access to millions of dollars in capital? Zack Childress is taking us through 24 podcasts to get to the answer.
Well, this is it… this is episode 24… the end of the 24-Week Challenge. You’ll be learning about wholesaling lease options.
Wholesaling lease options works whether the real estate market is down or up. It’s perfect for right now because the market is teetering on a change from the highs of the last few years.
And real estate investors have got to know how to operate in any market. You’ve got to know which strategies to use for the market that exists, period.
When wholesaling lease options, you take over the payments of the current owner who has some equity in the property. Then you find someone who wants to live in the property right away and buy it in the future.
The two of you come to an agreement over monthly payments, and you place an option with this individual to buy the property outright at a set price after a set number of years.
“Find something good and get in the middle of it.” That pretty much sums up what you’re doing when wholesaling lease options.
Watch and learn:
Listen and enjoy:
- Learn when and when not to act
- Look for aged property listings
- Get intention statement to use w/sellers
- Communicate (a lot) with buyers and sellers
Mentioned in this episode:
- Reach Zack by phone: 707.247.4248
- Follow Zack on Facebook: REI Success Academy Facebook
- Zack’s Book: My First Deal Playbook