|
Other Consulting Articles
eBay buys Shopping.com - Boon or Bust to Online Merchants?
My first reaction: This could be bigThe players: eBay Largest online auction site where buyers bid to buy products. Arguably the most well-known e-commerce site with over 100 million registered users.
23 things to say when someone wants to "pick your brain"
Many service business owners these days are "giving away" their business services – and then wonder why people aren't hiring them in droves. In the name of "marketing," business
Make Your E-Mail Signature File WORK for You!
You're probably familiar with e-mail signature (or "sig")files – they're the few lines of contact information that many of us put at the bottom of every e-mail we send. Most e-mail
5 Advantages of Creating E-books
Here are 5 quick advantages for creating e-books or your information products and selling them on the Internet.1. You Become an Instant Expert in Your Field.Within just a few minutes of exposure on-line,
CRM AND SMALL BUSINESSES
CRM (Customer Relationships Management) appears to meandifferent things to different people. I haven't seen twodefinitions that really agree. The giant companies have manygoals when they speak of
|
|
Recent Consulting News
PIC Consulting to Adopt Campbell Informatics' Avenio Engine for ... - PharmaLive.com (press release)
PIC Consulting to Adopt Campbell Informatics' Avenio Engine for ...
PharmaLive.com (press release), PA - 8 hours ago
The Avenio system was chosen by PIC Consulting on its ability to model data based on the customers' commissioning, validation master plan and process ...
Nationwide Risk Consulting and Subrogation Partners Announce Their Joint Venture on Cost-Saving Services for the ... (Business Wire via Yahoo! Finance)
NEW YORK----Nationwide Risk Consulting, Inc., a premiere insurance consulting firm and Subrogation Partners, LLC, the leading U.S. claims subrogation specialist for P&C carriers, self-insureds and state and local governments, have partnered together to provide claim cost reduction services to self-insured markets in the insurance industry.
FBI Served Warrant On Consulting Firm Owned By Congressman's Wife ... - AND
FBI Served Warrant On Consulting Firm Owned By Congressman's Wife ...
AND, South Africa - 59 minutes ago
The FBI served a search warrant Friday in Northern Virginia on a consulting business owned by the wife of Rep. John T. Doolittle (R-California), ...
|
|
Instantly you know if we have the home based business consulting you need. If we do, then you stay here and check it out. If not, then you keep on surfing and searching. BUT let me tell you what you are missing! I did a lot of research on this and have tons of personal experience. So, there is a good chance you will find what you need here.
Various Aspects Of The Lease Purchase Business
In a previous article, we wrote why we believe that Lease Purchasing is the perfect home-based business, here we want to briefly touch on some of the actual aspects of operating such a business, the pluses and minuses and why Lease Purchasing represents a win-win situation for the seller, the tenant/buyer and just as importantly, you, as the business owner.
One of your goals in operating a Lease Purchase business is to contract for property that you then move to the tenant/buyer. There are a number of unique strategies that can be employed to reach this end.
You can lease purchase the property and then sub-lease to a tenant/buyer. In this strategy, you are taking on the responsibility for all payments to the seller. However, it also affords you great profit potential. You can collect money up front as option consideration, you receive the positive cash flow and you can make additional money at the end if the option is exercised. For those of you not familiar with the term positive cash flow, this is the difference between what the tenant/buyer pays you and what you pay to the original seller. This is also known as a sandwich lease purchase.
Another unique strategy is called the co-operative assignment. Here, you contract for a property and assign or sell that contract to a tenant/buyer, with the approval of the seller. In other words, the owner/seller has final approval over who goes into the home.
Another way of doing business is the straight assignment. Here, you contract for a property and assign or sell that contract to a tenant/buyer. This method does not require a seller's approval.
You can also take a pure option on a property which allows you to purchase the home at a future date with set terms. This option can then be sold to another investor.
As you can see, there are a number of unique strategies that can be employed in this business. We have touched on just some of them to give you an idea of the type of income Lease Purchasing can generate for you.
After you've gained experience in the business, you can start consulting with sellers and tenant/buyers. There are many reasons you may want to consult with a seller rather than get directly involved in the deal. The property may be to distant to work conveniently, there may not be enough money in it for you to receive what you need, or the seller may prefer to do it him or herself.
When you consult with a seller, you are providing the proper contract, a marketing plan and supporting material. We also provide a period of time for follow-up questions.
You can also consult with tenant/buyers. You may want to do this with those individuals who have limited funds available to get into a rent to own home. There are also occasions where people just prefer to do their own house hunting.
We've really just touched on the various ways to generate income with a Lease Purchase business. Lease Purchasing allows you to develop multiple income streams. By utilizing all of the income generating strategies available to you, you can build a very solid financial base for yourself.
We've covered many of the pluses of Lease Purchasing as a business, but we'd be less than honest not to point out some of the minuses.
If you're the type of individual who has poor attention to detail, this may not be for you. You need to be able to keep good records of whom you spoke to and do business with.
Also, if you're an impatient type and don't like to do "hand holding", again this may not be for you. There are many deals where you will need to be able to walk the participants through and provide constant reinforcement to them.
Although the risk level in this business is minimal, there are some risks involved. You may contract for a property and not move it for example. If you're adverse to any risk, re-think Lease Purchasing as a business for you.
In our opinion, Lease Purchasing provides a truly win-win scenario for all parties. You get to help a seller who has a problem, you provide a nice home in a nice area for the tenant/buyer that they can get into today and buy tomorrow and finally, you are generating a wonderful income for yourself. This is a business that can be operated anywhere there are free property rights.
Believe us when we say that Lease Purchasing is the best business we will ever own. It's that good!
Copyright 2002, DeFiore Enterprises.
Interested in having your own successful, home based creative real estate investing business? Chuck and Sue have been helping folks start successful home based businesses for over 19 years, and we can help you too! To see how, visit http://www.homebusinesssolutions.com for the latest FREE tips and tricks, educational products and coaching in creative real estate investing and home based businesses. No time to visit the site? Subscribe to our FREE "how to" Home Business Solutions Digest, it's like having your own personal coach: mailto:subscribeHBS@homebusinesssolutions.com
coaches@homebusinesssolutions.com
Ride the tide and ride it well with the stuff you find at this site. Need more on health consulting OR consulting general? We’ve got it here. Still looking for more information? Try our various articles on home based business consulting to see if it meets your needs.
Add a Comment
|