EP. 28 | Lease Options and Contract for Deed
Manage episode 326222895 series 2999316
In this episode of the Real Estate Power Play Podcast, hosted by Mark Monroe, Ronald Walker, Marty Grizzanti, and Gabe Rodarte. Gabe, Marty and Brian Gibbson talks about Lease Options and Contract for Deed. Marty also added that he thinks that one of the things he really likes about real estate is once he figures it out, that it's more than just flipping, it's more than just holding assets. The fun side of it is being creative with deals that no one else really sees.
In addition, the Real Estate Power Play Podcast, presented by Mark Monroe, Ronald Walker, Marty Grizzanti, and Gabe Rodarte. Brian talks about the contingency of a Seller who is their first time. Brian also added no payments on the note for five years. So all your pain, all you're paying for this is a buy and hold or sell on lease option exit. You know, you've got the property, they've got 160 cash. Now guess what? That's tax-free money because it's a loan. If the sellers refinance and pull one 60 out, they pay no tax on that money.
In this episode of the Real Estate Power Play Podcast, hosted by Mark Monroe, Ronald Walker, Marty Grizzanti, and Gabe Rodarte. Gabe states that your outgoings to the seller are what a thousand market rent on this. And that's a great way to build up the cash. A couple of those is all you need to know is, like you said, and in Texas, you don't do a lease option, but do a wraparound mortgage.
On this episode of the Real Estate Power Play Podcast with Mark Monroe, Ronald Walker, Marty Grizzanti and Gabe Rodarte talked about:
● Lease Options and Contract for Deed
● How Often Should you Talk to your CPA
● Getting the Sale and Purchase Agreement
Connect with Real Estate Power Play Podcast Hosts:
Facebook: https://bit.ly/3mMZcAi
Mark Monroe: https://linktr.ee/markmonroe
Ronald Walker: https://linktr.ee/Ronniewalker
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