Multifamily Insights

Ep. 108: Generational Wealth Through Lease Options with Anne Amagrande


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Anne Amagrande is helping families create generational wealth through lease options. She helps investors with turnkey investing solutions and renters become homeowners. Her secret is to utilize long-term leases instead of the typical 1-3 year options that are common for lease options. Today, she elaborates on why they use longer terms, how she creates a win-win-win scenario and an overview of the Phoenix market.

Partner: Download a Free Sample Apartment Deal Package

Key Market Insights

  • Background in flipping and economics
  • Works with investors to place capital for direct investing
  • Lease option model that creates a bridge between leasing and ownership
  • Misinformation around Dodd-Frank and compliance for lease options
  • Offer 5-7-10-15-year options for lease options; most offer 1-3 year options
  • Helps investors get steady returns and appreciation while helping renters move into ownership
  • Most renters need a longer option to fix credit and save for the down payment
  • Turnkey approach for investors – buy right
  • Rentovation of the core 4 items: roof, HVAC, electrical, plumbing
  • Allows the resident to handle cosmetics
  • Investors want to know if it's a good time to buy
  • There are pockets in the country where property values have not increased
  • Each property needs to perform by itself
  • Phoenix is expanding at a macro level, some pockets are over-inflated
  • We're going to go into a recession, it's never an if, only a when
  • Actively buying in Tucson and seeing great value
  • Seeing a huge exodus of Chicago residents, moving into Arizona
  • Launching a video series on 7 ways to monetize a lease option

Partner: Be sure to check out the #InvestThis Podcast with Scott Bower

Bull's Eye Tips:

Winning Your Market: Make sure your docs are in order

Tracking Market Changes: Due diligence team

Daily Habit: Productivity planner

Resources:

Best Business Books:

Start with Why by Simon Sinek

Digital Resources:

Propstream

Tweet This:

"I wanted to create a win-win-win scenario"

"Holding assets longer creates generational wealth"

"We don't do a renovation, we do a rentovation"

Places to Grab a Bite:

Taco Guild

Connect with Anne:

Email: [email protected]

Website: amagrande.com

Phone: 480-542-7772

Leave us a review and rating on Apple Podcasts or Stitcher. Be sure to check out more info at TargetMarketInsights.com.

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Multifamily InsightsBy John Casmon

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