This course can be delivered immediately!)The Master Lease Option and the reserve account secret are your tools to get the job done — to get into the exciting and profitable world of no-Cash apartment investing File Size 288 MB
Richard Geller – Apartment MLO Course
Do you know about reserve accounts’?
Did you know that many apartment buildings can be controlled using cash that is sitting in these reserve accounts’?
Bill H, a corporate pilot, discovered the secret to reserve accounts after he flew a wealthy physician around as part his Job. He then asked the doctor how he had built his wealth. The doctor replied that he had bought apartment buildings through an underground method.
And the doctor let it slip that often the money for the purchase was sitting in the landlord’s own account, in a shadowy corner of the financial world where its known as a reserve account
The doctor was given free flying lessons right away. Bill H. offered free flying lessons to the doctor
In exchange. when they were 12,000 feet above the ground, they’d put the plane on autopilot and the doctor would show Bill how the reserve accounts let anyone take over an apartment building and have a wad of cash already sitting there ready to spend on improvements
Now, Bill H. is buying buildings with the same secret method. His apartment empire has grown to be a large one since he started with a small amount of money.
Ugly buildings Here’s the reason why ugly buildings are a better wealth building tactic using reserve accounts at least at first as you build your apartment empire
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The building was owned by the landlord for probably a long time. Then, the market changed. The landlord began to make a lot of money from the property and stopped actively managing it.
The building fell. Tenants who are good people see the wall’s handwriting and decide to move on. More and more units have become vacant.
The building goes from being profitable to being insolvent. Now the landlord becomes increasingly desperate And his mind is elsewhere anyway — perhaps his wife is sick Perhaps he has high blood pressure and health problems himself Sometimes he’s moved and is no longer able to attend to the buildings hands-You can find more
Also, the building continues to fall.
That’s when you can snag the building and use the reserve accounts trick to do it Yes its true Someone is handing you the deal and saying
“Here’s the building and here’s the money to fix it up”
Imagine that you drive over to a building and enter the gate You start to look around It’s a 50 unit complex and its seen better days
You know you can buy the building but you don’t have the funds.
Although you don’t have any credit or cash, what you do have are the skills and the desire to take over the building and fix it up so it can produce cash again
How can you seize control of the building to get the money for fixing it?
This simple formula is all you need
Master Lease Option + Reserve account Cash = Homerun
Master Lease Option allows you to have full control of the building as well as the right to access the reserve cash.
It puts you into the driver’s seat and often lets you start drawing out cash to fix up the property When you get new tenants in you can exercise the option or
The building can be flipped immediately, without the need to fix it up!
The quick flip is an option that offers many benefits. Establish the Master Lease Option with your landlord, then you can turn the property over to another investor.
The investment world now is full of people with a bit of cash who are seeking a way to get a good return on their money You’ve packaged the deal where there wasn’t a deal before Someone with cash but not so much initiative as you have pays you for your option and steps into your shoes
You’re out of the deal immediately and you have $10.000 $20.000 or $50.000 in the bank and all you did was find the building. Get the Master Lease Option signed and cashed your check
Reserve account cash makes it infinitely easier to flip
It’s just a marketing strategy at this point. Sign Master Lease Options. You can then flip the deal to your investor group who is waiting for these deals
They can acquire the building and start getting amazing cash flow And you’re off to the next deal. It’s win!-You win-The investor wins. The landlord is forced to leave
And the neat thing is…
With almost no competition, there are thousands upon thousands of buildings that you can pursue.
More than 600.000 apartments buildings with more than five units are found in the United States. Most apartments have 40 units. Others are 200 to 300 units. Start with a smaller deal. You can then move onto a larger deal
A large percentage of the 600,000 buildings are unattractive buildings or buildings with problems. These buildings are where the landlord is most motivated to leave. They see the Master Lease Option as their ticket out Why”
Landlords will be trapped until they get the Master Lease Option
They don’t know they can do this They can’t go to the bank and borrow more money The building has too many vacancies for that. And they don’t have the time or energy to fix things up They are burnt out and Just want -out ‘
You agree to take the Master Lease Option.
You don’t have to have cash and you don’t need to exercise the option
That is up to you. You have the option to sell the building or fix it up and keep it. It’s all your choice
The Master Lease Option and the reserve account secret are your tools to get the job done — to get into the exciting and profitable world of no-Cash apartment investing
Now you just need one thing…
Learn the facts-Charlie Dobens, an attorney and real estate investor, has helped students close 20,000 units successfully using my easy-to-use home study program. Many of these units were with Master Lease Options. Most were closed with very little or no cash.
This is the first time this has ever been done. Charlie and me have created a comprehensive no-Fluff video course that will show you exactly how the Master Lease Option works and the reserve account trick. This will allow you to start your apartment empire without any cash or credit.
Get your instant download Richard Geller – Apartment MLO Course
You will be guided step by step through the process of your first deal
Video #1 shows you step-by-step how a complete beginner built 10 units using Master Lease Options.
Video 2 shows you how to find these deals. It also shows specific examples, including a 44-unit building that was purchased using no credit or cash.
Video #3 shows you how you can structure your Master Lease Option.
Video #4 shows how to get out with cash. The Exit Strategy is what investors call it. More case studies are provided to show how exits work and what mistakes beginners make. We also explain how to use seller financing to help you master no matter how difficult it is.-cash deals
You also get a complete guide for Master Lease Options
Here’s the complete newly-Updated (July 2012), manual on Mastering The Master Lease Option
The Master Lease Option Explained 7
7 Reasons to Purchase
Master Lease Details 8 Length Master Lease, and Purchase Option 10
Klassifying Apartment Buildings 11
Do You Need a Broker’s License for a Master Lease? 13
A Master Lease is a Win – Win for Both %’ Buyer and Seller 15
A Master Lease Option makes sense 15
There are many reasons to buy on a master lease option 16 benefits for the seller 17
Benefits for the Buyer
Win – Win for Both Seller and Buyer 18
One disadvantage for the buyer 18
How to find Master Lease Opportunities 18
What Should Go into a Master Lease? 20
Master Lease Option combines the best of all financing methods 23
Develop Your Business Apartment Building Portfolio. 23
Summary of Master Lease Business Plan 27
Future Vision for the Building 28
Market Analysis 29
SWOT Analysis 30
Calculate the length of your Master Lease. 34
Selling with Sellers 36
This is All About Business 36
Pitch to the Seller 36
Deal Negotiation with the Seller
Master Lease Option Process at High Level 41
Example of Seller Turning Property Around 42
Maximizing Profits from Your Master Lease 43
For a Successful Master Lease, Formula 43
Example of the successful master lease formula 46
Making Profits from NOI 48
Learn How to Make a Master Lease Option 50 Work for You
When you need private money. 51
What happens when the Buyer defaults? 53
Master Lease Options: Risks and solutions to hidden dangers 54
Make sure you have a exit strategy 56
What else can you do with the Master Lease Option 57?
You Don’t Even Need a Motivated Seller 24
The Master Lease 24 eliminates the need for banks
Successful Strategy for Your Profitable Master Leasing Plan 27
And, you get the complete forms that you can adopt for your own The course comes with forms that Charlie uses in his day to day practice and that have been shown to work You will have to adopt them for various state and local situations but they will give you what you need to hand to an attorney and say -here is what I want you to do.”
Master Lease Option Letters of Intent
General Master Lease Option Contract
Master Lease Option Letter Of Intent
Option Agreement for Purchase Of Real Property
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Here’s what you’ll get in Richard Geller – Apartment MLO Course
- Lectures 1
- Quizzes 0
- Duration 10 weeks
- Skill level All levels
- Language English
- Students 0
- Assessments Yes