http://LeahCoss.ca Real Estate Investment Options & Info Slideshow slides Basic Options Active Buy & Hold Buy & Flip Lease to Own Vendor Take Back Construction/Dev Rezoning Unique Property Passive MIC's REIT's RE Investor Private Lender This presentation will be on Buy & Hold, Buy & Flip, Lease to Own Buy and hold Buy a Property for the Purpose of Renting it to a Tenant Collect a monthly rent cheque Responsible for the home's condition -- depends on rental agreement Must qualify for both mortgage payments Benefits Potential for Positive Cashflow Equity Investment Savings Can Use a Mngmt Company for Low time & Energy Output Exit Strategy -- New Renter, Lease Property, Sell Downfalls Potential for Negative Cashflow Decrease in Property Value Renters Damaging Property Property Maintenance Qualifying Upon Renewal Buy and Flip Buy a Home Below or at Market Value, Renovate/Improve & Re-Sell in 1-3 months Dependent on Contractors/Materials Strong Market Understanding Good Timing is Needed Must Qualify for Both Mortgage Payments Benefits Potential for Quick Capital Gains Transactions Can Be More Frequent Exit Strategy -- Sell Downfalls Expensive Cost of Entry High Risk of Investment Dependent on Contractors/Materials Wont work in a Declining Market High Output of Energy & Time Difficult to Qualify for Mortgage Conventional Lenders Don't Like You Lease to Own Buy a Home & Lease to a Tenant Pre Approve Tenant Ideal Option Agreement, Pre Agreed Upon Price Exit Strategy -- Sell, Rent, New Tenant Buyer Benefits Receive Instant & Ongoing Cashflow Have a "Guaranteed", Pre Qualified Buyer Low Maintenance No Turnover or Vacant Suites If Tenant Buyer Leaves, Property, Down Payment & Credits are Yours Downfalls Tenant Buyer Leaves & Property Value Falls Tenant Buyer Doesn't Qualify to Buy at End of Option Term Badly Drafted Option Agreement Difficulty Finding Tenant Buyer Must Qualify for Both Homes to Qualify for Mortgage
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Duration: 9m 3s
Rating: 46