Message from the President
Hi! My name is William and I’m the guy behind OneWillPropertiesLLC.com. I started my real estate education in 2007, which included REIT stocks, & acquiring properties creatively. My market is in Philadelphia and currently working on acquiring deals in Virginia, New Jersey, & Philadelphia
I’m really just a guy who wants to invest for the future and make a comfortable living doing what I love. I am grateful for my friends, REIA NYC associates, and mentors, for how they’ve empowered me to pursue and achieve so many of my dreams so far. What I want to do is simply share what I've learned and give back.
So what do we mean by leasing and buying houses? and What is a Lease Option/Rent to Own
Have you ever leased a car? If you have, then you already know what a lease option is. When you lease a car, you do so with the option to buy it at the end of the lease period. If you don't wish to buy it, you can give it back and buy or lease another car. Substitute house for car and you’ve got the idea!
A lease option is exactly what it says it is. It means leasing the house with the option to buy the house within a certain time frame at a predetermined price. This process may also be referred to as lease purchase or rent-to-own. Many people that I speak with think that this procedure entails taking a security deposit plus the first month’s rent, putting the tenant in the property and waiting for the tenant to call at some point and say: I’d like to buy the house now. NO, NO, NO. That is a lease with the hope that the tenant will buy! The way I'm going to show you how to lease option a home is not even in the same universe. I'm going to show you how to lease option a home and sub-lease the property to a tenant/buyer. In addition, all the conditions of both the sale and lease will be spelled out in advance and a specific time line will be adhered to. So, keep an open mind, we can help you.
The very best of luck to you all!
Prosperity for all,
William Morales
347-709--4559
I’m really just a guy who wants to invest for the future and make a comfortable living doing what I love. I am grateful for my friends, REIA NYC associates, and mentors, for how they’ve empowered me to pursue and achieve so many of my dreams so far. What I want to do is simply share what I've learned and give back.
So what do we mean by leasing and buying houses? and What is a Lease Option/Rent to Own
Have you ever leased a car? If you have, then you already know what a lease option is. When you lease a car, you do so with the option to buy it at the end of the lease period. If you don't wish to buy it, you can give it back and buy or lease another car. Substitute house for car and you’ve got the idea!
A lease option is exactly what it says it is. It means leasing the house with the option to buy the house within a certain time frame at a predetermined price. This process may also be referred to as lease purchase or rent-to-own. Many people that I speak with think that this procedure entails taking a security deposit plus the first month’s rent, putting the tenant in the property and waiting for the tenant to call at some point and say: I’d like to buy the house now. NO, NO, NO. That is a lease with the hope that the tenant will buy! The way I'm going to show you how to lease option a home is not even in the same universe. I'm going to show you how to lease option a home and sub-lease the property to a tenant/buyer. In addition, all the conditions of both the sale and lease will be spelled out in advance and a specific time line will be adhered to. So, keep an open mind, we can help you.
The very best of luck to you all!
Prosperity for all,
William Morales
347-709--4559
