Customer Reviews

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

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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.

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.