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You're familiar with "wholesaling" real estate, right?
It's your basic quick-flip, where you find a really great property deal, match it up with an investor-buyer, and mark it up a little and then flip it to them for a quick coin or two. Usually done via assigning your contract or double closing.
And then there's lease options, where essentially you lease a property, while also having the option to purchase it at a set, specific price at some point in the future. A little more creative strategy that's usually more of a "cashflow" approach.
And now, there's wholesaling lease options...
Wait, What??
That's right, wholesaling lease options.
It may sound like a confusing misnomer, but it's actually a very real and profitable strategy for doing deals that takes a page from each approach and combines them into what many feel is the best of both worlds.
To help you understand how it works, we turn you to our own master on Wholesaling Lease Options,
Joe McCall
has been investing in real estate for over 5 years. His background and education is in Civil Engineering. Before he started working on his real estate investing business full-time, he had worked for several large engineering & construction companies all around the country. Joe has tried tons of different investing strategies, but his favorite two have always been Lease Options & Wholesaling. When he got tired of spending over $3,000 a month in marketing for his wholesaling business, and throwing away so many leads from unmotivated sellers, he knew there had to be a better way. That’s when he came across the special niche he calls "Wholesaling Lease Options". As soon as he started implementing his simple, unique system, within 3 months his part-time income quickly surpassed his full-time income. Needless to say, he quickly left his job and has never looked back. Joe McCall is still working part-time and easily flips 2-4 lease options a month at $3,000 - $6,000 a pop. In addition to doing deals and working in the business every day, Joe coaches and mentors several select students in different parts of the country.