Select Living Magazine Issue II | Page 29

- INDUSTRY NEWS - • Eliminate maintenance and repairs needed for the property • It’s really the best of both worlds. What if you’re not looking to sell immediately or have a more long term buy and hold game plan? This still works for what you’re trying to accomplish. The reason this works is because less than 25% of tenant/buyers will ever execute on their option to purchase. Why such a low number? Mainly because people move every 3-5 years on average. Some more frequently than that. WHO DOES THE LEASE OPTION STR ATEGY APPEAL TO THE MOST? Of course this would appeal to anyone who would like to own today but can’t for one reason or another. However, this has special appeal to one of the largest segments in society — Millennials. to reasonably commute. SMART INVESTORS NEVER PURCHASE WITHOUT HAVING AN EXIT STR ATEGY IN PLACE. This rule of thumb is true for longterm rentals as well. Whatever your investing plans are, it’s always a good idea to have some passive income from rentals. Just make sure you’re following the trends and have an exit strategy in place. If you do, these next few years can be very lucrative for you. Ryan Nickel is a California native, father of 4, real estate investor and best selling author. Aside from investing, Nickel teaches others how to invest in real estate with no money down and no credit using lease option techniques. He currently owns property through out the US and is looking to branch out internationally. www.troublesellingyourhouse.com According to the latest research, Millennials would like to own, but can’t due to affordability issues. It’s mainly due to the fact that they’re not able to come up with a large enough down payment and therefore can’t get financed. Not to mention that starter homes are usually in undesirable areas or too far SELECT LIVING - 29 - 2016 EDITION - ISSUE 1