William Tingle Podcast

What You Should Know When Selling with a Lease Option

Wondering how to sell with a lease option? What should your contract include? How much fees should you charge for an option? What's the best lease option strategy?

You all know I'm a big fan of owner-financing and this is how I do all my property deals. But another way to do a subject to deal is through a lease option. Since I don't sell using lease options, I've brought on a special guest, Bill Walston. Bill is an accomplished property investor with 30 years of experience. He walks you through some important things to know when selling with a lease option.

Bill shares information on tax implications, option fees, and what to include in contracts. He also runs through whether you should use rent credits, and a simple strategy he uses to turn lease options into owner-financed deals.

What you will learn

In this episode, we cover the following about selling with lease options:

• Contracts - what to be aware of and what to include.
• Option fees - how much to charge your tenants.
• Tax implications of selling using a lease option vs. owner-financing.
• Rent credits vs. seller concessions.
• Strategy on turning a lease option into an owner-financed deal.
• If banks view a lease purchase as refinancing.
• Where to find good optionees.

Mentioned in this episode

For more information on selling with lease options you can get in touch with Bill via the options below:

Email: [email protected]

Facebook: Send Bill a private message

Website: https://billwalston.com/about-bill/

Join us on Facebook at the "Subject To Real Estate Forum with William Tingle" for more insights & information on subject to deals!

Subscribe and leave a review on Apple Podcasts to let us know how you're enjoying this podcast!

What You Should Know When Selling with a Lease Option

Wondering how to sell with a lease option? What should your contract include? How much fees should you charge for an option? What’s the best lease option strategy?

You all know I’m a big fan of owner-financing and this is how I do all my property deals. But another way to do a subject to deal is through a lease option. Since I don’t sell using lease options, I’ve brought on a special guest, Bill Walston. Bill is an accomplished property investor with 30 years of experience. He walks you through some important things to know when selling with a lease option.

Bill shares information on tax implications, option fees, and what to include in contracts. He also runs through whether you should use rent credits, and a simple strategy he uses to turn lease options into owner-financed deals.

What you will learn

In this episode, we cover the following about selling with lease options:

• Contracts - what to be aware of and what to include.
• Option fees - how much to charge your tenants.
• Tax implications of selling using a lease option vs. owner-financing.
• Rent credits vs. seller concessions.
• Strategy on turning a lease option into an owner-financed deal.
• If banks view a lease purchase as refinancing.
• Where to find good optionees.

Mentioned in this episode

For more information on selling with lease options you can get in touch with Bill via the options below:

Email: [email protected]

Facebook: Send Bill a private message

Website: https://billwalston.com/about-bill/

Join us on Facebook at the “Subject To Real Estate Forum with William Tingle”  for more insights & information on subject to deals!

Subscribe and leave a review on Apple Podcasts to let us know how you’re enjoying this podcast!

Worried about your tenants not paying? Afraid of the costs and hassle of taking non-paying buyers to court? Wondering if there's a simpler way to deal with non-payers?

There are many questions that you'll ask when doing deals. But the one that worries most people is, "what if the tenants don't pay!" This is especially relevant if you're getting into the property business when you don't have much money. Well, it's good to ask the question but it's even better to have a well-thought-out plan for your Sub2Deals to help solve this problem. And trust me, it will! I've found a few strategies to troubleshoot and solve the problem of non-paying tenants.

I'll share with you my tips for dealing with non-payment and give you my secret which I call the "cash for key formula". Additionally, I will also share with you how to minimize non-payment in the first place!

In this episode, I share:

• How to reduce the frequency of non-payment.
• Steps to deal with non-paying tenants.
• What the "cash for key formula" is and when to use it!

Have questions non-payment? Join us at the "Subject To Real Estate Forum with William Tingle" and ask away!

If you're looking to learn more about subject to properties then get my Ultimate Sub2 Guidebook.

If you would like to learn more about subject to deals, check us out at Sub2Deals.com.

Want to use Clear Now: the company that collects payments for you? You can get a free two months with them here.

Subscribe and leave a review on iTunes to let us know how you're enjoying this podcast!

Worried about your tenants not paying? Afraid of the costs and hassle of taking non-paying buyers to court? Wondering if there’s a simpler way to deal with non-payers?

There are many questions that you’ll ask when doing deals. But the one that worries most people is, "what if the tenants don’t pay!" This is especially relevant if you’re getting into the property business when you don’t have much money. Well, it’s good to ask the question but it’s even better to have a well-thought-out plan for your Sub2Deals to help solve this problem. And trust me, it will! I’ve found a few strategies to troubleshoot and solve the problem of non-paying tenants.

I’ll share with you my tips for dealing with non-payment and give you my secret which I call the “cash for key formula”. Additionally, I will also share with you how to minimize non-payment in the first place!

In this episode, I share:

• How to reduce the frequency of non-payment.
• Steps to deal with non-paying tenants.
• What the “cash for key formula” is and when to use it!

Have questions non-payment? Join us at the “Subject To Real Estate Forum with William Tingle” and ask away!

If you’re looking to learn more about subject to properties then get my Ultimate Sub2 Guidebook.

If you would like to learn more about subject to deals, check us out at Sub2Deals.com.

Want to use Clear Now: the company that collects payments for you? You can get a free two months with them here.  

Subscribe and leave a review on iTunes to let us know how you’re enjoying this podcast!

How do you market for a Sub2Deals? What kind of marketing can you do to find deals? What are the most cost-effective marketing methods?

Marketing is important for any business and that includes your real estate business! Some people say old school marketing like bandit signs, flyers, and pens are no longer useful. I disagree - all marketing will help establish your branding. Strong branding means you've got credibility which will help in your search for good deals. Since, I do deals remotely so I don't use old school methods of marketing as much. But I've closed so may deals through old school marketing like car magnetics that I still believe they're powerful. If you're operating locally, then you should continue old school marketing methods, and incorporate some new ones.

There are 3 marketing methods that are working well for me and cost almost nothing. If you're starting out and have a small budget you'll want to listen closely to these. I'll share those with you in this episode.

In this episode, I share:

• Which old school methods of marketing I still believe have a good chance of generating leads.
• Which methods have minimal or no costs.
• The 3 marketing methods that are working the best for me right now.

Have questions about marketing for deals join us at the "Subject To Real Estate Forum with William Tingle" and ask away!

Curious about the group coaching with me. Visit our website for more details and to sign up today!

If you'd like to try out DealMachine click on this link to get a 14 day free-trial.

If you'd like to try out PropStream click on this link to get a 7 day free-trial.

If you would like to learn more about subject to deals, check us out at Sub2Deals.com.

Subscribe and leave a review on iTunes to let us know how you're enjoying this podcast!

If you enjoyed this podcast, please leave a review below and share it with your friends in real estate using the links below.

How do you market for a Sub2Deals? What kind of marketing can you do to find deals? What are the most cost-effective marketing methods?

Marketing is important for any business and that includes your real estate business! Some people say old school marketing like bandit signs, flyers, and pens are no longer useful. I disagree - all marketing will help establish your branding. Strong branding means you’ve got credibility which will help in your search for good deals. Since, I do deals remotely so I don’t use old school methods of marketing as much. But I’ve closed so may deals through old school marketing like car magnetics that I still believe they're powerful. If you’re operating locally, then you should continue old school marketing methods, and incorporate some new ones.

There are 3 marketing methods that are working well for me and cost almost nothing. If you’re starting out and have a small budget you’ll want to listen closely to these. I’ll share those with you in this episode.

In this episode, I share:

• Which old school methods of marketing I still believe have a good chance of generating leads.
• Which methods have minimal or no costs.
• The 3 marketing methods that are working the best for me right now.

Have questions about marketing for deals join us at the “Subject To Real Estate Forum with William Tingle” and ask away!

Curious about the group coaching with me. Visit our website for more details and to sign up today!

If you’d like to try out DealMachine click on this link to get a 14 day free-trial.

If you’d like to try out PropStream click on this link to get a 7 day free-trial.

If you would like to learn more about subject to deals, check us out at Sub2Deals.com.

Subscribe and leave a review on iTunes to let us know how you’re enjoying this podcast!

If you enjoyed this podcast, please leave a review below and share it with your friends in real estate using the links below.

Have you spent a lot of time learning about real estate deals? Are you about to enrol in another course or buy another book? Why not start taking action and get some Sub2deals?

It's not surprising that some people continue to learn and never take action. Taking action is definitely more difficult than being a perpetual learner. So how do you take action when it comes to Sub2Deals? If you see a good deal - lock it in! Take your contracts with you and make sure you get the deal before anyone else. You can always do the due diligence after you've signed a contract with the seller. This allows you to verify all the details and make the final call on whether you will invest in the deal!

I'll share with you the 6 things you need to know and verify during your due diligence process. But remember lock in the deal first with a short contract! This gives you the time to do a thorough due diligence! I'll also share how I used this exact process to lock down my first Sub2Deal in Georgia, beating another buyer to it!

In this episode, I share:

• Why "Ready, Fire, Aim" is the way to go even in real estate especially for Sub2Deals.
• How to lock in a property before you do your full due diligence.
• The 6 things you need to know and verify during your due diligence to make the final decision whether to buy or not!

---

Doing things the "Ready, Fire, Aim" way can be intimidating so if you have any questions join our FREE Facebook Group, "Subject To Real Estate Forum with William Tingle" and ask away!

If you're not "ready" yet and some coaching schedule a FREE 30-min one-on-one strategy call with me so you can kick-start your Sub2Deals journey now!

If you would like to learn more about subject to deals, check us out at Sub2Deals.com.

Subscribe and leave a review on iTunes to let us know how you're enjoying this podcast!

If you enjoyed this podcast, please leave a review below and share it with your friends in real estate using the links below.

Have you spent a lot of time learning about real estate deals? Are you about to enrol in another course or buy another book? Why not start taking action and get some Sub2deals?

It’s not surprising that some people continue to learn and never take action. Taking action is definitely more difficult than being a perpetual learner. So how do you take action when it comes to Sub2Deals? If you see a good deal - lock it in! Take your contracts with you and make sure you get the deal before anyone else. You can always do the due diligence after you’ve signed a contract with the seller. This allows you to verify all the details and make the final call on whether you will invest in the deal!

I’ll share with you the 6 things you need to know and verify during your due diligence process. But remember lock in the deal first with a short contract! This gives you the time to do a thorough due diligence! I’ll also share how I used this exact process to lock down my first Sub2Deal in Georgia, beating another buyer to it!

In this episode, I share:

• Why “Ready, Fire, Aim” is the way to go even in real estate especially for Sub2Deals.
• How to lock in a property before you do your full due diligence.
• The 6 things you need to know and verify during your due diligence to make the final decision whether to buy or not!

---

Doing things the “Ready, Fire, Aim” way can be intimidating so if you have any questions join our FREE Facebook Group, “Subject To Real Estate Forum with William Tingle” and ask away!

If you’re not “ready” yet and some coaching schedule a FREE 30-min one-on-one strategy call with me so you can kick-start your Sub2Deals journey now!

If you would like to learn more about subject to deals, check us out at Sub2Deals.com.

Subscribe and leave a review on iTunes to let us know how you’re enjoying this podcast!

If you enjoyed this podcast, please leave a review below and share it with your friends in real estate using the links below.

How can you insure your Sub2 deals? How do you make sure that your claim isn't denied? What's the best system to insure many properties?

Getting insurance on Sub2Deals wrong is one of the main reasons why the Due on Sale clause kicks in. You want to make sure this clause has no chance to kick in so you need to get your insurance details right. You also want to make sure insurance companies don't have a chance to deny you in the event you need to claim.

Insuring Sub2Deals can seem complicated and intimidating. Everyone has a different opinion on how to insure a Sub2 property. But with over 20 years of experience in the real estate industry and over 500 property investments, I can confidently say that my system of insuring Sub2 deals is simple and the right way to do it.

In this episode, I share:

• The two ways in which insurance can be set up for a property - with or without escrow.

• What it means when you buy properties with insurance in escrow.

• What it means when you buy properties without insurance in escrow.

• Steps you need to take when you buy these properties under Sub2 to make sure your claims are not denied

• Steps to take to make sure the Due on Sale clause does not kick in due to mistakes made in your property insurance.

• How to work with insurance companies and agents to correctly insure your Sub2 deals.

Get my Ultimate Sub2 Guidebook here.

Join us at our Facebook Group Sub2Forums, to ask questions about Sub2Deals.

If you would like to learn more about subject to deals, check us out at Sub2Deals.com.

Subscribe and leave a review on iTunes to let us know how you're enjoying this podcast!

If you enjoyed this podcast, please leave a review below and share it with your friends in real estate using the links below.

How can you insure your Sub2 deals? How do you make sure that your claim isn’t denied? What’s the best system to insure many properties?

Getting insurance on Sub2Deals wrong is one of the main reasons why the Due on Sale clause kicks in. You want to make sure this clause has no chance to kick in so you need to get your insurance details right. You also want to make sure insurance companies don’t have a chance to deny you in the event you need to claim.

Insuring Sub2Deals can seem complicated and intimidating. Everyone has a different opinion on how to insure a Sub2 property. But with over 20 years of experience in the real estate industry and over 500 property investments, I can confidently say that my system of insuring Sub2 deals is simple and the right way to do it.

In this episode, I share:

• The two ways in which insurance can be set up for a property - with or without escrow.

• What it means when you buy properties with insurance in escrow.

• What it means when you buy properties without insurance in escrow.

• Steps you need to take when you buy these properties under Sub2 to make sure your claims are not denied

• Steps to take to make sure the Due on Sale clause does not kick in due to mistakes made in your property insurance.

• How to work with insurance companies and agents to correctly insure your Sub2 deals.

Get my Ultimate Sub2 Guidebook here.

Join us at our Facebook Group Sub2Forums, to ask questions about Sub2Deals.

If you would like to learn more about subject to deals, check us out at Sub2Deals.com.

Subscribe and leave a review on iTunes to let us know how you’re enjoying this podcast!

If you enjoyed this podcast, please leave a review below and share it with your friends in real estate using the links below.