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Investing in Buffalo with lease options and more.
Investing In Buffalo NY
Join your host, Jim Ingersoll, as he talks with Gary Proctor about investing in Buffalo, NY real estate
“Lease options are like rentals on steroids”. Gary Proctor
Gary Proctor started investing in 2004 and has successfully completed wholesale deals, fix and flips, notes and rentals. He once had as many 80 doors of rentals. Learn what he did not like about having this many and the changes he made that have led to much higher levels of satisfaction as he transitioned to investing in Buffalo, NY focusing heavily on lease option deals. Learn how he exited from those 80 doors and the lessons he learned along the way working through some challenges with his partner.
“Lets just get an offer out there!” Gary Proctor
With great lease options you can get paid multiple times as a landlord including:
- Option deposit due upon move in (10% down payments are nice)
- Monthly via rental income
- Capital gain upon sale
- Bandit signs, Zillow, facebook postings to find your buyer/tenant
- How to get multiple offers without needing realtor by offering lease options to buyer-tenants
- Accelerate your cash flow with lease options
This allows the investor to typically have a better tenant with a home owner mindset focused on improving their credit score to buy the house and maintain the asset.
Links:
Please leave me your comments on how it is going, what your challenges are and what you are doing to work past these challenges.
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