Purchase Options and Purchase Lease Options are powerful strategies for any property entrepreneur, but remain some of the most misunderstood methods out there. In this week’s show, Simon discusses the benefits of both, and busts the many myths surrounding them.
KEY TAKEAWAYS
A Purchase Option is when you have an agreement with a property owner, in which you have the right to buy that property at an agreed price, within the option period.
A Purchase Lease Option is largely the same, but includes the right for you to be able to use the property during the option period, in exchange for a monthly fee to the property owner.
The property does not need to be in negative equity for these strategies to work. There can be a multitude of reasons why a property owner might allow a purchase option.
Purchase option strategies will not appeal to owners who wish to release equity quickly. They should only be used for owners who do not need fast access to cash.
BEST MOMENTS
’These strategies give you control and flexibility’
’This is a game-changer for people who understand this strategy’
‘We can give the owner of the property a better alternative than just selling it now’
‘You can get cashflow and equity growth on a property you don’t even own!'
VALUABLE RESOURCES
If you’d like to access free online training with Simon about Purchase Lease Options, then please register at www.PLOtraining.com
Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi
To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).
iphone: http://bit.ly/pinAPP1
Android https://bit.ly/pinAPP2
Register at Mindset For Property at - www.mindsetforproperty.co.uk
ABOUT THE HOST
Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.
Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003www.pinmeeting.co.uk. pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.
Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way. How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.
Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.
Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.
CONTACT METHOD
Contact and follow Simon here:
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LinkedIn: https://www.linkedin.com/in/simonzutshi/
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