How to Profit With Purchase Lease Options

You might have heard of purchase lease options and want to learn the ropes. In this episode of The Property Magic Podcast, Simon dives in on purchase lease options—how you can use this tool with other property investing strategies, how you can profit out of it, how you can offer it to property owners, and more. Simon has been enjoying purchase lease options since the 2000s, and according to him, there’s not a better time than to give in and consider it NOW. There have been a lot of changes and restrictions (i.e. Section 24), it’s high time we learn how to navigate our way despite these.  On the next episode, we’ll learn how to fund your property purchases, so tune back in next week!  KEY TAKEAWAYS  What is a purchase lease option? “It’s where you rent a property from someone for a set period and you may buy that property anytime within that time period for a price that you have agreed upon at the beginning of the auction period.” This can be used with any property investing strategy.  Always offer the property owner something he can’t refuse, something that will be better than any alternative. It’d be best if it could cover their mortgage and give them enough profit. Tell them how much advantage they’ll get when they let you manage their properties.  How do you know if the purchase lease option is the appropriate solution for the seller? There are two groups of people who want to sell their property:  People who want to sell to access their equities now.  People who want to sell for someone else to manage it, to be responsible about it.  The best people to get purchase lease options are landlords since they got the right mortgage conditions.  BEST MOMENTS  “You have the right to buy but not the obligation to do so.”  “It only works when the seller doesn’t need the money from the property sales NOW.”  “I’ve been using this strategy since 2007, but right now is probably the very best time to use this strategy because what happened in April 2017, Section 24.”  VALUABLE RESOURCES  Property Magic - How to buy property using other people's time, money and experience by Simon Zutshi | Amazon  www.PLOTraining.com  property investor’s network (pin) - www.pinmeeting.co.uk  ABOUT THE HOST  Simon Zutshi, experienced investor, a successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and became financially independent by the age of 32.  Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003. pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.  Since 2003, Simon has taught thousands of entrepreneurs and business owners on how to successfully invest in a tax efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.   Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.   Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer-to-peer lending platform to facilitate loans between private individuals and property professionals.   CONTACT METHOD  www.pinmeeting.co.uk