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Written by Judson Voss
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 Many people think that being rich is about having enough money to do
whatever you want. However, these same
people miss an IMPORTANT POINT.
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Written by Andy Heller and Scott Frank
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We see them all over the roads today. Growing in popularity, Hybrid vehicles are beginning to offer an enticing option to dependence on foreign oil supplies. Similarly, the Buy Low, Rent Smart, Sell High lease/purchase model offers investors a Hybrid of the “buy and flip” and “buy and hold” investment models.
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Written by Judson Voss
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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)
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Written by Wendy Sweet
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When looking for financing, most people will call mortgage companies asking about their rates, fees and closing costs. That in formation is important. You should, however, be more concerned with whether or not the loan you are getting fits your needs for that particular house and the goals you have as an investor.
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Written by Greg Gardner
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 How do you get more rent than other landlords?
If rent comps are $400 per month, how do you get $500?
If your tenant wants to pay less, how do you get more?
I will try to answer these questions and tell you how to get more out of a “B” tenant. First off, you shouldn’t be renting to “B” tenants. Three -Star tenants are ones to stay away from. Never try to upgrade a low -end tenant to a high-end property; and don’t try to make a tenant pay more than they can afford. This can setup a failed relationship between you and your tenant as well as hurt you financially.
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