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  • Wanted & Recommendations

    Lease Option Agreement (LOA) sourcing

    Hello,

    I'm looking to work with a sourcing company or a property professional to source and provide good lease option agreements to myself. The good is in bold because I'm afraid I've come across a lot of rubbish when it comes to lease options - poorly managed companies and frankly pretty shite deals.

    I know lease options work so I'm looking to find a 'win, win,win' situation here (the sourcing company, myself and the landlord).

    Any advice or a push in the right direction would be a huge help. Please feel free to contact me if you can source LOA's.

    Thanks,

    James

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    Hi James,

    Not sure if you have seen this:

    Lease options guru Rick Otton fined $18mill 

    and this:

    David France | Lease options 

    and this:

    Bob The Dog 30 Jan at 13:48

    We used MS Law to do a lease option deal about six years ago.   They were recommended to us by Ben Rogers.  They were utterly useless.

    I saw Shimon Rudich do a 30 minute lease option presentation at the Birmingham Metropole PIN Meeting.  The only problem was that it lasted well over an hour and they couldn't get him to stop.  They had to physically drag him off the stage to stop him talking. He should do stand up.

    The lease option deal disintegrated within 8 weeks.  A bit like Ben's world when he was made bankrupt.

    Link to original post

    Sorry I cannot be more helpful to your specific request, but perhaps I am if you read through these threads?

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    good lease option agreements

    A contradiction in terms.

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    Hi John,

    Please explain your thoughts behind this..

    Thanks

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    Hi James, do you have a preferred area that you would want your LOA deal?

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    Ignoring whether lease options are a good idea or not, why not go for the 'lose, WIN, win' and find the deals for yourself? You would get to keep the £000s you would be paying to the company for a few days work yourself.

    If the deals being found for you are so good why is the sourcing company not taking them up themselves?

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    .... especially as lease options supposedly don't involve any of your own money  (other than the sourcer's fee of course!). 

    So why would a sourcer not acquire every lease option they could for themselves and keep all the wonderful wealth they supposedly generate?

    Why do they prefer to sell them to you for a few thousand £££? 

    It is plausible to suggest that they can earn more by sourcing lease options for someone else, than undertaking them themselves.  If no money is needed, the ROI on this is infinite ... so reasonable to put forward this theory concerning the lease option sourcing business model.

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