An Investor's Journey
How To Use Seller Leasebacks And Why - AIJ024
In Episode 24 of An Investors Journey, we go over How To Use Seller Leasebacks And Why!
If you're a who generates your own deals then you MUST understand Seller Leasebacks.
In this episode, we break down step-by-step how we use them.
We will cover:
~What they are
~Why you need one
~Why you should get one even if you're wholesaling
~How much to hold back
~How long to make them
~How it can be a great negotiating tactic
Example Leaseback
http://bit.ly/PRYMEleaseback
Important sections:
1- PARTIES: You/buyer is the LANDLORD | Seller is the TENANT
2- LEASE: Address of the property
3- TERM: How much time do they have. If they have 2 weeks and it's May 7th then put in, May 21, 2019
5- DEPOSIT: How much will be held back
19- HOLDING OVER: What they will be charged if they go over the "3.TERM" date. $100/day.
Any questions feel free to reach out to jon@prymehomes.com
Hope you enjoy this episode and please share.
Related Episodes
The Truth About ZERO Money Down Real Estate Investing
Networking Like A Champ - AIJ012
From Phone Call To Contract, How WE Negotiate Our Deals - AIJ010
The Difference Between Perceived Value and Appraised Value
Listener Question About Working With Liens
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