24 Nov 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 lease–option, 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
Ukpropinvestor
Posted at 16:24h, 24 NovemberOver £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 NovemberHi 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 NovemberAlan Wood liked this on Facebook.
Liz Cooke
Posted at 17:24h, 24 NovemberLiz Cooke liked this on Facebook.
Dymock Brett
Posted at 18:13h, 24 NovemberDymock Brett liked this on Facebook.
Ansar Ali
Posted at 21:24h, 24 NovemberAnsar Ali liked this on Facebook.
Sean Brett
Posted at 22:37h, 24 NovemberI 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 …..