Long-term wealth.  The late night infomercials tell us how to get rich quick but the really rich people all invest long term in real estate.  That means if we are going to make it long term we need to buy and hold properties.  Long-term holds can take two forms rental property or lease with option to purchase.

Rentals

Everyone has an idea of what the American dream is.  For me?  I have a house that someone else pays down the debt over the years while I am providing for them a comfortable home to live in?  The house appreciates in value while me debt goes down and the IRS gives me a tax break each year for my troubles.  What a great way to make a buck.  Then again there are some downsides to rentals but with the proper knowledge and maybe the right management company it isn't that bad.

Lease Option

Not everyone is able to buy a house today.  Wouldn't it be great to serve that group?  Lease option tenants tend to take better care of a property and are often responsible for the repairs. 

Why do investors invest in lease with option properties?

• Cash up front today (option payment)
• Monthly cash flow during the lease
• Lease option tenants usually take better care of the property
• Most lease options call for the tenants to make repairs
• A big pay off at the end when the tenant exercises their option

If you would like to get involved in Lease with Option strategies we do a monthly training class with Andy Heller where he provides detailed real world advice for those interested in building long term wealth while working full-time (link to site with Ask Andy ad)