Gary & Jill-Best Lease Option Ever!!!

Got to love those lease option deals like that. Cash up front is a beautiful thing. I remember one lease option property we were showing to several possibles at the same time. One of the potential tenant buyers took us aside and asked if they could come up with a larger down/option if that would give them a better chance. They gave us double the down we were looking for and ended up cashing us out in about 6 months!

Success to all!
John and Julie Wakefield

that is an awesome deal!!!!
so, the buyer is ok with paying you all cash for a property, but title won't be recorded for 60 days; what kind of document did you have to provide to her as a guarantee??

thanks for sharing!!! very inspiring!!!
Val

That's great Gary and Jill! Congratulations I wish all our deals could be that smooth.

So to quote a favorite REI expression: " NEXT!!!"

Andy Sager
DG's AndyS
CFIC and IE member

When you post deal like this, it inspires all of us. Keep spreading the good news.

Gotta Love REI- it IS the greatest business!

Isn't this business the BEST!!!!

You're right John, it's amazing what happens with these lease options. I have one tenant that put up 10K 3 years ago & took a 2 yr. option term; they qualifield for the loan but had spent their closing cost money. So they deceided to stay as regular tenants, month to month & loose their deposit & rental credit. Now they're going to try & buy it, go figure.

This was a great example of not only selling properties, but selling yourself as an trueful, honest individual. She knew of our reputation from other friends that purchased from us, knew our work, & trusted us to deliver what we said we would, in the time frame stated.
She wanted to pay in full now so she wouldn't spend the money in the next 3 months while waiting to close. We only used a standard lease, in "other terms" I put in that the lease had the option to purchase, at a set price, with a set term, with a set closing date, set monthly rent, etc.

Thanks Andy, they should all go so smoothly! And yes we have started the next one!

Thanks Robert, posting deals not only inspires other DG members, but it also inspires us to do more ... success produces more success.

This is why learning all these different ways to do RE is so amazing!

Matt always would say, "You don't FIND great deals, you CREATE them!" For a long time, I didn't really "get" what he meant. Now that I understand it, it makes such a difference!

You and Jill CREATED this deal. You thought outside the box and made it happen!

You guys are the best!

Karen

Thanks Mike, you hit the nail on the head, this is a great business!

Congratulations on this awesome deal! I am sure the house looked great. Glad you were able to get another good deal to fix up. Great way to finish off the deal! Hope you both are doing good and I will talk to you soon.

Ryan

Thanks Stephan, this is the best bussiness to be in !

Thanks Karen, you are sooooo right, you have to create deals sometimes & tink outside the box, after all is said & done we are problem solvers!

Thanks Ryan, we lucked out with her paying upfront. Talk to you soon.

Where these's a will there's a way right? What a neat way to make this play. So many people get held up by some of the most simple challenges when they can often be overcome with a little creative thinking. Very nice work. Thanks for the post.

Thanks Chris, that's what we are, problems solvers...that's what is needed to be done as real estate investors.

I am so glad to see you guys still doing great deals. I still hope to get out there to FL soon. I put in for my retirement this year for sure. A buddy of mine lives in the Holowpaw area of St.Cloud so that is where I going to live at first. Going to work for the mouse still.

Any way you guys keep up the good work.

Steve.

Thanks Steve, looking forward to having you guys here in Fl.

What a creative way to give what your customer wants and also increase your ROI! Thanks for sharing.

Thanks Paul, sometimes thinking outside the box can not only be simple but rewarding.