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Video instructions and help with filling out and completing horse lease agreement with option to purchase
Hi guys Samuel Leeds here and today I wanted to just give a little bit of information on lease option agreement and the paper that you should be using and a little bit about the structure of them and how they work and that kind of stuff so if you're actively looking for lease option agreements or if you're interested in the whole idea of buying properties without using any money then this video might be really helpful for you so first thing is what is a lease option agreement and do they really work yes absolutely I built up quite a lot of my property portfolio through lease option agreements and just in the last three weeks I've secured three the lease option agreement deals so at least option agreements absolutely are fantastic in fact the ideal what I did at lease option agreement deal that I did back in 2021 and now it's 2021 in five years time I secured it there with no money down every single month I've been making a profit of 350 pounds a month which isn't amazing but it's not bad considering I didn't put anything down to start with a bot from about a thousand pound legal fees so friend of McDonagh month but actually over five years by the cumulative a capital appreciation of fifty five thousand pounds so that's over ten thousand pounds a year pause the rental income and I didn't put anything down for it at all so that was a fantastic deal what I want to talk to you today today about is the paper you should be using I mean I need people that have come onto my property investors crash course they learn about how to do lease option agreements they go crazy they secured some lease option agreements and they effectively take over the mortgage and they're making money every single month and that's great but they haven't had the felicity draw up the paperwork properly which is gonna be a problem you don't have to do all the Facebook the popular you can take it on and you can make money from it and that's fantastic however after three five seven years whenever you come to buy the property if you haven't had the seller be legally represented by a solicitor and had a bespoke contract drawn up a lease option agreement professionally drawn up if you haven't done that when you come to buy the property at the end of the term it will have probably gone up considerably in value because property prices rise over time and if the seller says hey I don't want us to have to do now I want to sell with an estate agent and make an extra twenty fifty hundred thousand pounds you've effectively lost out on tens of thousands of pounds just for the sake of a few hundred pounds of Jamie drawn up properly so I would really really encourage you guys.