Lease Option Information

Lease Option Information

Can you believe this? After all the time I have been on here and all the times I have gabbed, this is the first time besides my journal (be sure to visit it and say "Hello") Smiling that I have actually STARTED a new thread.

Lease Options are getting to be a very popular subject so since that is what I am also specializing in, I have bookmarked many of them on here and compiled a number of sources that I thought I would share. It will just make it a little more simple. I am sure that there are some that I have missed, so be sure to add anything you would like. It will be appreciated by many.

http://www.deangraziosi.com/real-estate-forums/local-networking-and-disc...

http://www.deangraziosi.com/real-estate-forums/local-networking-and-disc...

http://www.deangraziosi.com/node/12463

http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...

http://www.deangraziosi.com/node/10010

http://www.deangraziosi.com/real-estate-forums/title-searching-and-other...

http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...

http://www.deangraziosi.com/real-estate-forums/buying-foreclosures-reos-...

http://www.deangraziosi.com/real-estate-forums/rental-and-cashflow-prope...

http://www.deangraziosi.com/real-estate-forums/contracts-and-offers/6905...

http://www.deangraziosi.com/real-estate-forums/financing-and-credit/1446...

http://www.deangraziosi.com/real-estate-forums/financing-and-credit/1446...

http://www.deangraziosi.com/real-estate-forums/financing-and-credit/1446...

http://www.deangraziosi.com/real-estate-forums/financing-and-credit/6550...

OK, you asked for it! LOL!

Now the best contracts I have found are on this site: www.ilrg.com They are state specific and really not very expensive. I am going to try to attach the ones I got (save you some money). Mine are for CA. But the main reason is I have added some good clauses that you may want to add even if you are in a different state.

Be sure to use the lead disclosure form and get it signed. Federal law.

And the Owner's Disclosure Form- owner is legally obligated to tell you about any problems with the house.

Besides your Lease With Option to Purchase form you want to have a separate Residential Rental form that does not mention L/O. This is in case you ever have to evict your T/B (tenant/buyer)--much easier and cheaper than a foreclosure.

I have also put some ads that I have run on CL for buyers in my journal.
http://www.deangraziosi.com/real-estate-forums/investing-journals/59128/... Please do not use them in Los Angeles. I am more than happy to help you but please don't use "my" ads on my home turf.

A very good book to get more in depth info is Wendy Patton's "Investing in Real Estate With Lease Options and Subject To Deals". I got mine on Amazon used. Also if you go to wendypatton.com she has a lot of free articles that give you lots of great info.

That's all I can think of right now. This should keep you busy for awhile.

__________________

"You're never too old to be what you were meant to be!"

www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...

"Shining Like a Star & Dancing on Sunshine"

"Shoot for the moon! Even if you fall short, you'll still land among the stars!"


WOW ! Karen....

I haven't been on this site for a couple of weeks I can't believe how much I have missed....you really put together a great collection of info. I will totally bookmark this and hopefully start doing L/O's...I really think this is going to be big in this economy.
Thanks again,
Barbara


Thanks Karen

Wow, I really, really really really thank you. So much great reading to thirst on. Thanks again Karen!

__________________

Dare yourself to fail!


Thanks

I want to thank you Karen, you opened another horizon for me(L/O)
since most people here in CA can't do assignments.
A lot of informations for all of us to digest, again thanks a lot !!!

henca


WARNING! WARNING!

A little bird has given me a heads up that I may be in violation of Copyright on these contracts being posted here. That thought did actually kind of float thru my mind when I posted.

I will leave them until Friday night (one more day) and then I will remove them.

Consider yourself forewarned!!!

Karen

__________________

"You're never too old to be what you were meant to be!"

www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...

"Shining Like a Star & Dancing on Sunshine"

"Shoot for the moon! Even if you fall short, you'll still land among the stars!"


Addicted!!

Karen,
OMG! I keep telling myself that I need to be reading in my books and studying but I get in here and just can't leave.
You have a way about you - I read what you write and can actually hear you speaking them. I love it!!
This entire site is just so awesome and everyone who posts in here...I am amazed at all the knowledge, help and support.
I have made some progress but I almost feel like I'm getting ahead of my studying. I have an agent (I think - not sure she is as open or creative as I would like) a pre-approval, several properties I like. I would like to work on L/O's, probates and?? but I may have to buy a rental prop first - not sure - it seems an easier way to get started??

Also, does anyone have any experience with Bank of America? That's the bank I have my pre-approval with...just wondering??

I know I haven't put much out here but I get so caught up reading everything and can never decide where to jump in - and so here I am!!

I also have to say that I am so excited about this new path - REI - I can't even sleep! I get to sleep but I wake up with ideas about my first deal!!
But I have to try and hold back until I know exactly what I'm doing.

Is it like that for anyone else??
Sorry for such a long post - I guess I came out strong!!

Thanks to everyone for all the great information - I hope I will have some helpful information to share one of these days.


Well, Shelly...

If you like hearing me talk, pop on over to my journal! I do lots of talking there! Eye-wink

As far as sleeping--most of us haven't slept in months! This is SO addicting! And the more you participate, (like you are right now) the more addicting it gets!

Keep reading and studying and then decide on one method you want to do first. Then start doing that until you get it down and expand from there.

Good luck and don't worry about the long post! We are very glad to hear from you. Hope you keep it up!

Karen

__________________

"You're never too old to be what you were meant to be!"

www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...

"Shining Like a Star & Dancing on Sunshine"

"Shoot for the moon! Even if you fall short, you'll still land among the stars!"


Violation or Not

We are very thankful for you to post this. I have cut and pasted this information. I am currently reading Wendy Patton's free ebook and planning to order one off of amazon regarding some more of her information. I actually meet another gentlemen through another REI his name is Bill, I chat with him on twitter, I don't think he is as well known as Wendy but, he has a mentoring program. I am hoping it is at a cost I can afford until I can clear enough money to join Dean's......

I am constructing my REI plan and L/O is right at the top d/t my situation...I have some many ideas running through my mind it is like a long winding road b/c I have too much information and still feel like I am stuck b/c I don't know what my first move is or at least I do and just haven't taken it b/c of fear....fear to make the wrong step

Oh well thanks for being a trend setter, We really appreciate you.

__________________

Erika, REI
Brownstone Investment Group
405.748.0734

www.facebook.com/Erika.Coleman
www.twitter.com/brownstoneREIgr
Job 22:21 Submit to God, and you will have peace; then things will go well for you.
Job 22:28 You will succeed in whatever you choose to do, and light will shine on the road ahead of you.
Deut 28:8 The Lord will guarantee a blessing on everything yo do and will fill your storehouses with grain. The Lord you God will bless you in the land he is giving you.


Shelly

It's nice to hear from you again. I thought you got scared and left us. Don't worry about the long post most of us get carried away when we start writing here. Karen's right as usual you need to start with 1 strategy and work from there. B of A can be tough when trying to buy from them but they aren't as bad when they are funding you. They can be a pain just make sure your contract has you covered and you have 3 or 4 exit strategies in place to cover yourself.

Karen I already copy and pasted. I can't thank you enough for all the info. I know you have worked hard to put it all together.

__________________

"Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude."

Shaun Omar
DSD Investor Group Inc

www.dsdinvestorgroup.net
www.decoscapesinc.com
http://h1.flashvortex.com/display.php?id=2_1315708016_24517_144_21583_70...


Thanks!

Karen,
I have read your journal! Wow! Thought the same thing about Tammy's!
Actually, I've read quite a few of the journals. They are very helpful.
Yes, I think I will buy to rent. And then try to figure out the 'sandwich' lease. Also, want to learn more about the co-op.....

Shaun - I don't scare that easy. I have just been trying to take everything I can in. It's almost overwhelming but in a good way if you know what I mean.
And thanks for the advice on B of A.

Shelly


thank you

I got them for us. I need to teach helpme2 how to do things on the pc

Smiling


Frazzle Dazzle!

You went WAY out of your way Karen! I know how long it takes to find all those threads and write up these long posts. Thanks for helping the whole DG family with your research. Now here's a great idea for the new website. Taking all the posts on ONE subject and grouping them altogether like you just did! Very useful!


Hey

Wouldn't you be able to remedy this by just giving the credit for said contracts/information to the author/s? That's what the APA standard states to avoid plagiarism, I thought?

__________________

"Persistence Pays, Procrastination Delays!" - smurfy

"I can do ALL things through Christ who strengthens me." - Philippians 4:13

"He will keep in perfect peace whose mind is stayed on thee" Isaiah 26:3

"Those who wait on the LORD Shall renew their strength; they shall mount up with wings like eagles, they shall run and not be weary, they shall walk and not faint." Isaiah 40:31

View my journal here: http://www.deangraziosi.com/real-estate-forums/investing-journals/59850/...


Lisa!

No, because they sell them.

__________________

"You're never too old to be what you were meant to be!"

www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...

"Shining Like a Star & Dancing on Sunshine"

"Shoot for the moon! Even if you fall short, you'll still land among the stars!"


Site allowed me to copy and paste

kareng wrote:
No, because they sell them.

Hi Karen, did you buy the contracts you posted? Reason I ask is because I just went to the legal forms website you referred to and it says on there that they have over 2000 free forms. But when click on a form it wanted to charge me $9.99. Just for kicks, I copied and pasted one to word and it let me. Thanks for the website info. I'll either cut and paste what I want, or find somemore free forms else where.
But I do like what you shared here, I'll be bookmarking this post...thanks


Richard

I tried cutting and pasting it, too. But I think what happened is that it wouldn't let me edit them. (they were PDFs)

These were much better than any of the other free ones I found so I thought "What the heck!" and sprang for them!

__________________

"You're never too old to be what you were meant to be!"

www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...

"Shining Like a Star & Dancing on Sunshine"

"Shoot for the moon! Even if you fall short, you'll still land among the stars!"


Looks strange

to see blank posts where there was massive amounts of information. Could as least put information self destructed on (Date)_________ . Laughing out loud Or say you copied my foreclosure alert screen of my community. Laughing out loud


Or say...

the Roadrunner pulled the strings! Beep! Beep!

__________________

"You're never too old to be what you were meant to be!"

www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...

"Shining Like a Star & Dancing on Sunshine"

"Shoot for the moon! Even if you fall short, you'll still land among the stars!"


forms gone!

bummer! oh well, links are still great!!

Thanks again Karen-awesome job!

Valerie

__________________

Valerie

“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss

"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown

My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...


Okay!!

kareng wrote:
the Roadrunner pulled the strings! Beep! Beep!

Laughing out loud That'll work too!! The Roadrunner thought the excess lines were worms and pulled. Ooops my forms are gone!!


Thanks Karen

you gave everyone quite a while to copy & paste. Just shows who the procrastinaters are I guess LOL

__________________

"Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude."

Shaun Omar
DSD Investor Group Inc

www.dsdinvestorgroup.net
www.decoscapesinc.com
http://h1.flashvortex.com/display.php?id=2_1315708016_24517_144_21583_70...


Or

shaun omar wrote:
you gave everyone quite a while to copy & paste. Just shows who the procrastinaters are I guess LOL

Or just that everyone is not as addicted to this site as we are! LOL!

__________________

"You're never too old to be what you were meant to be!"

www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...

"Shining Like a Star & Dancing on Sunshine"

"Shoot for the moon! Even if you fall short, you'll still land among the stars!"


Really?????

You think that could be a possibility

__________________

"Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude."

Shaun Omar
DSD Investor Group Inc

www.dsdinvestorgroup.net
www.decoscapesinc.com
http://h1.flashvortex.com/display.php?id=2_1315708016_24517_144_21583_70...


NAAAAHHHHHHHHHHHH!

*

__________________

"You're never too old to be what you were meant to be!"

www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...

"Shining Like a Star & Dancing on Sunshine"

"Shoot for the moon! Even if you fall short, you'll still land among the stars!"


I might be addicted

but I've most of my info on this site. There are so many helpful people here it's hard not to be addicted.

__________________

"Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude."

Shaun Omar
DSD Investor Group Inc

www.dsdinvestorgroup.net
www.decoscapesinc.com
http://h1.flashvortex.com/display.php?id=2_1315708016_24517_144_21583_70...


Got Mine

Well I did get them copy to a word doc so if anyone wants them they can PM me and I will email them. I don't mine. Karen did the real work so that is the least I can do to assist the next millionaire on this site along.

Once again thanks Kareng, you have truly increased my hunger for the next level.

__________________

Erika, REI
Brownstone Investment Group
405.748.0734

www.facebook.com/Erika.Coleman
www.twitter.com/brownstoneREIgr
Job 22:21 Submit to God, and you will have peace; then things will go well for you.
Job 22:28 You will succeed in whatever you choose to do, and light will shine on the road ahead of you.
Deut 28:8 The Lord will guarantee a blessing on everything yo do and will fill your storehouses with grain. The Lord you God will bless you in the land he is giving you.


Thanks Karen!! This Is Great

Thanks Karen!! This Is Great Info.

__________________

DC Terry,Sr.


Miss Karen

I am a llitle ??? but Im gonna pull the contract and sipher it out. Like I told Mikee, (OOps I meant Michael Lol)Im just a little slow, about 3 laps behind the other runners...in a ONE mile race.

Thanks for the great answer.

Reno

__________________

Steve

We seldom get what we want, but we will always get what we expect.


Steve

What are you confused about?

__________________

"You're never too old to be what you were meant to be!"

www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...

"Shining Like a Star & Dancing on Sunshine"

"Shoot for the moon! Even if you fall short, you'll still land among the stars!"


Outstanding

What you have done here is wonderful. Thank you so much. Your time,effort,and dedication are much appreciated. I have book marked this also and I am sure I will be here a lot following these links and the conversations here. It sounds like i came a little to late for the great contracts that were posted here. Sure wish people could just be more open minded and realize when someone goes to all the effort of researching this information and leaves it out there for others to use free of charge that there petty selfish ways are not only childish but a direct reflection of there controlling and pathetic need to keep others from succeeding. My hope here is they will see this and think a little differently next time.

__________________

CHP Investments Inc.
Power Packed Investments
James Cook & Tawnya Pete We are creating a future one deal at a time in the footprint of those who have gone before us by learning daily and taking bold action on what we know works by there example and success.

[favorite quote] The execution of an idea is always more important than the brilliance of a thought; transforming learning into behavior. author unknown.


Reno?

steve guy wrote:
I am a llitle ??? but Im gonna pull the contract and sipher it out. Like I told Mikee, (OOps I meant Michael Lol)Im just a little slow, about 3 laps behind the other runners...in a ONE mile race.

Thanks for the great answer.

Reno


Laughing out loud Humm. Maybe we both need to take those forms and meet there and do two things at once. I seemed to do better business there in two ways . Smiling Smiling There is an idea. Maybe we'd get 3 laps ahead!!
Thank you for the correction, stopped being "Mikee" 55 years ago.