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In this week’s Investor Success Podcast episode, your host Jim Ingersoll talks about using Lease Options to earn 5k to 10k with special guest, Jim Aydelotte
“Real Estate Options are incredibly powerful” Jim Aydelotte
Discussion Points:
- What is a lease-option?
- How to put a check into your account in the next 60 days
- How to locate motivated sellers for lease-option deals
- How to quickly screen for seller motivation in a couple minutes on the phone
- What to do when you meet at the seller’s house
- How to structure lease-option terms:
- Equity of at least $20k
- Monthly net cash flow of at least $300/month
- Length of term at least 5 years
- Exit strategy to a near qualified tenant/buyer
- How to quickly find your tenant-buyer using Facebook garage sale groups
Resources:
About Our Guest:
Jim Aydelotte, Wendy Patton’s star student – is a real estate professional specializing in Lease Options strategies, and has built an extensive real estate investment business in rural Michigan, with a multi-million dollar portfolio in investments and holdings in a few short years – PART TIME in and out of his IRA
After 22 years in the corporate world and successful career as a Magnetics Engineer, specializing in permanent and electro-magnetic machines and sensors, Jim worked for several of the nation’s largest corporations in this area of expertise. In 2006, after 22 years in the corporate world, Jim walked away from the corporate world and accepted the call to ministry, serving as a full time pastor and part time real-estate investor working 3-5 hours a week for a 6-figure income.
Jim’s real estate knowledge and experience has helped him obtain financial freedom, along with many others he has helped ‘retire’ – and coaches hundreds of students all over the country to help them achieve their goals and dreams, teaching how anyone can put $5,000 – $10,000 in their bank account in 30 days using simple techniques.
Today, Jim teaches with internationally recognized speaker and author, Wendy Patton, helping others invest with no money down, and no credit of their own – to control real estate for massive profits. Jim’s experience spans Sandwich Lease Options and Cooperative or Link Options, and has additionally built an extensive rehab business using private money, and is one of the most well rounded investors and accessible teachers in the industry today. With hundreds of transactions in 8 years, Jim is one of the country’s leading experts on negotiating with sellers using Lease Option strategies. Jim is a national speaker & mentor, teaching across the country on how to put these techniques to work for anyone – PART TIME!
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