Over £100K Lease Option Profit

Over £100K Lease Option Profit

A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate. In a leaseoption, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property.

This large 6 bedroomed  property will make me £121K over a 5 year period.  Another example of creating a win / win for all parties.   The vendor who sold me this property and was rescued from repossession  has already made £30K from his previous property (see Edmund close deal) and will make  a further £10K from this  purchase  lease option on completion.   The vendor was 65 at the time and retired and these two properties were part of his retirement plans.   He was literally on the verge of being repossessed days before I stepped in and paid off his arrears.  In total he will now receive £40K from me rather than a kick in the face from the establishment.  He is obviously delighted.

Get the details of this Bristol lease option deal here

 

 

7 Comments
  • Ukpropinvestor
    Posted at 16:24h, 24 November Reply

    Over £100K Lease Option Profit : A lease option (more formally Lease With the Option to Purchase) is a type of… http://t.co/TvmZWGIL2z

  • Giuseppe Leone
    Posted at 16:45h, 24 November Reply

    Hi Sean, do you source Lease Options in Bristol? if so, can you PM please? ready to go if the right property comes available. Thanks

  • Alan Wood
    Posted at 17:24h, 24 November Reply

    Alan Wood liked this on Facebook.

  • Liz Cooke
    Posted at 17:24h, 24 November Reply

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  • Dymock Brett
    Posted at 18:13h, 24 November Reply

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  • Ansar Ali
    Posted at 21:24h, 24 November Reply

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  • Sean Brett
    Posted at 22:37h, 24 November Reply

    I look to always create a win win scenario for the vendor. Sometimes lease options are the strategy of choice to create one. So I don’t go out looking specifically for them. Let me know what the right property for you is …..

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