Todd Foster has been in real estate since 2010 and was able to leave his full-time job in 2012. He learned under Ron LeGrand, and is a master at creative lease options (and setting up deal structures with pretty houses in good neighborhoods). He believes there’s so much more opportunity in this space than in the distressed housing space. He shares a couple of case studies on how creative leasing can be an amazing avenue for you and your business. They also answer a ton of listener questions at the end!
Key Takeaways:
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Tweetables:
“The biggest thing we’re looking for is sellers that are willing to provide us time to pay them off in full. Time is what makes these deals work”
“You have to do the right thing by the buyer. If they just filed for bankruptcy, they’re going to need a couple of years to get qualified, so putting them on a one lease option is setting them up for failure.”
“We ask questions to the seller and to really see if they’re open to some kind of creative deal. If they want to do it, great.”
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