Secrets of Lease Option Profits: Unique Strategies Using Virtual Options... and More [Paperback]

Jack Shea (Author), Mark Warda (Author)

Book Description

Publication Date: October 2003

Explains how real estate investors can use lease options to increase their profits and lower their risk, their expenses and their aggravation with rentals. Strategies include both buying and selling on lease options, and using land trusts to make them safer.

Written by an investor and an attorney each with a quarter-century of experience, it provides several strategies and 32 ready-to-use forms.

Editorial Reviews

About the Author

Jack Shea has been a real estate broker and investor for over a quarter of a century. Before that he was an Air Force pilot, the head of marketing for NYSE companies and taught graduate school courses. He has a B.S. in Engineering from the University of Illinois and is currently a Qualified 1031 Exchange Intermediary for clients across the U.S.

Mark Warda has been an attorney for over 25 years and is the author or co-author of over 60 books, including Land Trusts for Privacy & Profit and Essential Guide to Real Estate Leases. He obtained his B.A. and J.D. degrees from the University of Illinois and is currently writing self-help law books and running Land Trust Service Corporation in Clearwater, Florida.

Product Details

• Paperback: 176 pages
• Publisher: Galt Press (October 2003)
• Language: English
• ISBN-10: 1888699043
• ISBN-13: 978-1888699043
• Product Dimensions: 10.8 x 8.3 x 0.4 inches
• Shipping Weight: 14.4 ounces
• Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #1,999,359 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

23 of 23 people found the following review helpful:

5.0 out of 5 stars Best L/O Book I Found, February 26, 2004

By A Customer

This review is from: Secrets of Lease Option Profits: Unique Strategies Using Virtual Options... and More (Paperback)

For the price, this is the best lease option book I found. It covers "you" buying a lease option and "you" selling with a lease option. It explains what to do and what not to do and why. Additionally, the book includes all the forms you need to do your deals and protect your interest in the property. I did a lot of research on lease options before I bought this book, and they covered everything that I discovered and then some.

19 of 19 people found the following review helpful:

5.0 out of 5 stars Buy it if you're serious about Lease Options, December 26, 2004

By 

Big Daddy (TN) - See all my reviews
(VINE VOICE)   

Amazon Verified Purchase

This review is from: Secrets of Lease Option Profits: Unique Strategies Using Virtual Options... and More (Paperback)

I'm an avid reader of real estate books and believe that one item in this book makes it well worth the cost. As an attorney and somewhat experienced lease/option investor myself, it has long been apparent to me that most lease option programs hawked by the so-called experts create equity title problems which can result in costly foreclosures. Unlike the authors, many so-called experts tend to downplay this risk rather than address it head-on. This book gives the best idea I've seen for dealing with that thorny issue. Additionally, while I do not think the authors mention it, I believe their is a good chance that their method might clear up a lot of issues with the "due on sale" clause contained in most mortgages and deeds of trust. These clauses often require immediate repayment of the loan when a lease/option arrangement is consummated.

The forms are quite comprehensive and quite helpful. The book is not going to tell you everything you need to know about managing tenant/buyers, but it is a necessary component of any serious real estate investor's library.