Nov 21, 2019
Helping others own their company, working in real state, and also produce financial stability for their own families is the main goal of our guest in this podcast. John Jackson aka "King Of Lease Options" is the best tutor you can cross paths with if you are interested in Lease Options Strategy in real estate business. Buying houses with Lease Options is a very powerful strategy that you must add to your skill set if you want to be on the top of your game in the 2020 recession. He is an author of the book “Real estate rock stars” and various courses that can help you significantly improve your way of doing real estate business.
Guest info:
Website: https://leaseoptionclasses.com/
Youtube channel: https://www.youtube.com/channel/UCMgiZOVjJprtrQC9O1s1URA
Episode overview:
00:00 - 02:26 Introduction
02:26 - 07:38 Why are lease options great tool in the real estate business
07:38 - 10:27 Difference between 3 types of lease options
10:27 - 11:45 Example
11:45 - 15:25 Working with agents
15:25 - 17:00 Who does the repairs?
17:00 - 19:07 Level of the desperation of homeowner
19:07 - 21:24 Low equity vs. High equity deals
21:24 - 22:51 Risk for the front end investor
22:51 - 29:10 Learning process-make your rules through mistakes you make
29:10 - 31:57 Candidate selection process-most important variables
31:57 - 34:15 Future events
34:15 - 37:55 Three-day event and three-day boot in short
37:55 - 39:37 Finding buyers
39:37 - 40:53 Contracts
40:53 - 41:42 Doing subject to deals
41:42 - 43:00 Changes in the low for lease options in Texas
43:00 - 46:21 How to manage long working hours
46:21 - 47:27 Some useful books
47:27 - 48:44 Last words of wisdom
48:44 - 49:52 JV with John
49:52 - 52:40 Don’t be afraid of rejections- be the doctor in the game
52:40 - 54:18 Goodbye until next time