Joe McCall – Wholesaling Lease Options – Main Course
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Joe McCall – Wholesaling Lease Options – Main Course download , Joe McCall – Wholesaling Lease Options – Main Course review , Joe McCall – Wholesaling Lease Options – Main Course free
Joe McCall – Wholesaling Lease Options – Main Course
Joe McCall – Wholesaling Lease Options – Main Course
Let me first tell you a little bit about my background. A few years ago, I was buying a lot of homes with traditional bank financing. When the banks started telling me that I couldn’t buy anymore homes, I started buying homes “subject-to” the existing mortgage. Pretty soon, I owned about 12 homes within 12 months. (And I was selling all these homes on Lease Options.)
Yes, I owned 12 homes. I thought I was a successful real estate investor! But I was equity rich and cash poor. I had lots of equity. (Actually, I thought I had lots of equity… but then the market crashed! Can anyone relate?) When you are only making $100 – $200 per month cash flow on each house, that money quickly disappears in vacancies and repairs. All of the sudden, I had a serious cash flow problem.
I realized that I needed to fix my cash flow problem – and fix it quick. That’s when I started wholesaling houses. So then I started spending thousands and thousands of dollars on marketing – direct mail, Google adwords, websites, signs, etc. I was getting a lot of leads, and I was starting to make some good money!
But then I started getting very frustrated because I was spending so much money on marketing and throwing away so many leads from sellers who were not motivated! Maybe they didn’t have enough equity. Maybe they did have enough equity, but they weren’t willing to share any of it with me! A lot of my leads weren’t behind on payments. There was nothing I could do to help them, and I was getting really frustrated!
So here I was – I loved buying properties and I was really good at selling them on lease options, but I had a serious cash flow problem. And then I loved the cash flow that traditional wholesaling was giving me, but I was frustrated with the amount of time and money I was putting in marketing for wholesale deals with relatively little to show for it. That’s when it hit me…
Why not Wholesale “Lease Options”?! (Or do a “Cooperative Lease Option”?)
Let’s look at some facts…
1) There are TONS of sellers out there who can’t sell their home. They either have very little equity or they aren’t willing to discount their home to 70% of ARV to compete with the banks.
2) There are TONS of buyers out there who can’t buy a house.
So I thought to myself, why not stop throwing away all those leads and do something with them? Why can’t I put “Lease Options” and “Wholesaling” together and make the same money with them as I was making with regular wholesaling?!
So, let me give you the quick and dirty low down of what Wholesaling Lease Options are. Here are the basic steps:
1) Find a motivated seller who wants to sell their house on a Lease Option
2) Get the property under an “Option To Lease Option” contract
3) Find a qualified tenant-buyer who has a good down payment and has a good chance to get a mortgage in 6-12 months
4) Sign the Lease Option paperwork with the Tenant-Buyer
5) Assign the Lease Option docs back to the seller.
6) Keep the Option Consideration / Deposit and give the Seller the first month’s rent
7) Put the Tenant-Buyer in a credit repair program with your mortgage broker.
8) Deposit your money & move on to the deal!
Real simple… really! That’s why I love this business so much. Almost anyone can easily do 1-2 of these deals a month. Imagine what you could do with an extra $3,000 – $10,000 in “Hip Pocket National Bank” every month!
Frequently Asked Questions:
- Innovative Business Model:
- Embrace the reality of a genuine business! Our approach involves forming a group buy, where we collectively share the costs among members. Using these funds, we purchase sought-after courses from sale pages and make them accessible to individuals facing financial constraints. Despite potential reservations from the authors, our customers appreciate the affordability and accessibility we provide.
- The Legal Landscape: Yes and No:
- The legality of our operations falls into a gray area. While we lack explicit approval from the course authors for resale, there’s a technicality at play. When procuring the course, the author didn’t specify any restrictions on resale. This legal nuance presents both an opportunity for us and a boon for those seeking budget-friendly access.
- Quality Assurance: Unveiling the Real Deal:
- Delving into the heart of the matter – quality. Acquiring the course directly from the sale page ensures that all documents and materials are identical to those obtained through conventional means. However, our differentiator lies in going beyond personal study; we take an extra step by reselling. It’s important to note that we are not the official course providers, meaning certain premium services aren’t included in our package:
- No coaching calls or scheduled sessions with the author.
- No access to the author’s private Facebook group or web portal.
- No entry to the author’s exclusive membership forum.
- No direct email support from the author or their team.
We operate independently, aiming to bridge the affordability gap without the additional services offered by official course channels. Your understanding of our unique approach is greatly appreciated.
- Delving into the heart of the matter – quality. Acquiring the course directly from the sale page ensures that all documents and materials are identical to those obtained through conventional means. However, our differentiator lies in going beyond personal study; we take an extra step by reselling. It’s important to note that we are not the official course providers, meaning certain premium services aren’t included in our package:
Refund is acceptable:
- Firstly, item is not as explained
- Secondly, Item do not work the way it should.
- Thirdly, and most importantly, support extension can not be used.
Thank you for choosing us! We’re so happy that you feel comfortable enough with us to forward your business here.
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