People
often send us deals dressed up as “tremendous”
and lined up as “a great catch”, enticing
and exciting to part with precious £££s
...
But... you know what...? with a little consideration
and attention to each word of this short article (and
perhaps you’ll even be tempted to click and watch
the video clip that’s been crafted for you) you
will clearly understand that “a great catch”
is sometimes, disappointingly, a red herring.
But
before we get to that – and for just a moment,
suppose we were to ask you: “Are you serious about
Lease Options?” You may be inclined to answer,
“Yes!” If that is so, then please do all
you can to join us at our special
event June 2nd at the Royal Armouries, Leeds
Before
you secure your place for that, allow us to share a
little more about good and bad deals. As you study the
numbers below, ask yourself,
“Is
this a great catch, or a red herring? Fresh lobster
or three-week-old dressed crab? Should I swallow it
hook, line and sinker? Do I truly know its net worth?”
A
little time invested in this case study will save you
literally £housands – guaranteed!
So,
here it is:
A
nice semi-detached 2 bedroom with a small third office
/ box room not far from Northampton with Gardens at
the back and parking. The house is in excellent order
and boasts a new kitchen and bathroom (...baited breath?)...
currently empty, the seller wants to move away from
this family home
Market
Value: £115,000
Mortgage £115,000
Option Price: £117,000
Option Term: 78 months max
Monthly
mortgage payment: £350
(currently @ 3.5% tracker )
Market Rent: £550
Hooked?
Does it feel like a great catch, or is something fishy
going on?
And
what’s the ticket price? £5,000 as an option
fee... plus you have your legals and possibly seller
legals to pay... another £1,100... Yes –
there’s more to this than meets the eye. Why is
this deal not so swell?
Ask
yourself: “Would I buy this deal?”
“How much equity do I have locked in?”
“What about the cashflow?”
“The house is empty. How soon can I find a tenant?”
“How fast will my cash-flow go (evaporate) when
the base rate rises?”
Now
to really learn good lessons from this and get what
makes a deal a great catch – why not take a look
at our short clip here? - CLICK
HERE
What
you will discover will save you £housands –
guaranteed
P.S>
CLICK
HERE if you want to get started on crafting REAL
deals!
P.P.S> The Leeds event June 2nd will help you sort
the red herrings from the real catch!
Just CLICK
HERE to learn more
P.P.P.S> Buy now and you are ready to steal a deal
on the ticket price – just use this special discount
code on the sign up page - discount25 - See you there!
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