Ep. 108: Generational Wealth Through Lease Options with Anne Amagrande

Anne Amagrande is helping families create generational wealth through lease options. She helps investors with turnkey investing solutions and renters become homeowners. Her secret is to utilize long-term leases instead of the typical 1-3 year options that are common for lease options. Today, she elaborates on why they use longer terms, how she creates a win-win-win scenario and an overview of the Phoenix market.

 

Partner: Download a Free Sample Apartment Deal Package

 

Key Market Insights

• Background in flipping and economics
• Works with investors to place capital for direct investing
• Lease option model that creates a bridge between leasing and ownership
• Misinformation around Dodd-Frank and compliance for lease options
• Offer 5-7-10-15-year options for lease options; most offer 1-3 year options
• Helps investors get steady returns and appreciation while helping renters move into ownership
• Most renters need a longer option to fix credit and save for the down payment
• Turnkey approach for investors – buy right
• Rentovation of the core 4 items: roof, HVAC, electrical, plumbing
• Allows the resident to handle cosmetics
• Investors want to know if it’s a good time to buy
• There are pockets in the country where property values have not increased
• Each property needs to perform by itself
• Phoenix is expanding at a macro level, some pockets are over-inflated
• We’re going to go into a recession, it’s never an if, only a when
• Actively buying in Tucson and seeing great value
• Seeing a huge exodus of Chicago residents, moving into Arizona
• Launching a video series on 7 ways to monetize a lease option

 

 

Partner: Be sure to check out the #InvestThis Podcast with Scott Bower

 

 

Bull’s Eye Tips:

Winning Your Market: Make sure your docs are in order

Tracking Market Changes: Due diligence team

Daily Habit: Productivity planner

 

Resources:

Best Business Books:

Start with Why by Simon Sinek 

 

 

Digital Resources:

Propstream 

 

Tweet This:

“I wanted to create a win-win-win scenario”

 

“Holding assets longer creates generational wealth”

 

“We don’t do a renovation, we do a rentovation”

 

 

Places to Grab a Bite:

Taco Guild

 

Connect with Anne:

Email: anne@amagrande.com

Website: amagrande.com

Phone: 480-542-7772

 

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