In the first of a five-part mini-series all about purchase options and purchase lease options, Simon examines the purchase option strategy, and discusses why you should be using them as part of your property investing toolkit, which strategies they can be used, and when to use them most effectively.

KEY TAKEAWAYS

• The Purchase Option strategy is where you as the buyer have a contract stating that you have the right to buy their property, but not the obligation to purchase.
• The Purchase Lease Option strategy is where you as the buyer agree to lease a property from a buyer for a monthly fee, with the right to buy by a future date, with no obligation to do so.
• A purchase lease option can alleviate the financial burden of a property for a set amount of time, meaning that it is incredibly attractive to a buyer looking for a swift way to free up finances.
• Lease options are a win-win for all parties. The seller is able to instantly offload a property, while you as the seller can turn an instant profit by using the property as a rental for profit, while also enjoying the increase in value as the lease option period runs its course.

BEST MOMENTS

'Options must always be assignable'

'You're babysitting - you're looking after their mortgage for them'

'You've really got to put yourself in the shoes of the seller and see it from their point of view'

'There are lots of reasons why someone may want to sell a property, but they're okay with not selling it right now'

VALUABLE RESOURCES

To download the Purchase Option Flow chart visit 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 2003 www.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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