▸▸▸Enroll in our 365 Days to F.I.R.E. Program! – Enrollment is now open for our class of 2024, 365 Days to F.I.R.E. program! As part of the program, you will get to attend our 2024 meetups in Portugal (with more than 500 people attending the meetups this year!), get assigned daily FIRE tasks to complete, participate in live monthly Q&A sessions with us, be broken into smaller accountability groups with other people in the program, attend quarterly book club meetings, get personal coaching from us (for those in the coaching plan) . . . and more!!! Enroll today!

▸▸▸Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: Enroll in our new 21 module, 4-plus hour stock market investing course with more than 30 handouts of summary notes, homework assignments, and resources. Learn how to research and select investments, how to determine your asset allocation, how to rebalance your portfolio, how to optimize your investments for tax purposes, how to automate your investments, and much more (including a 19-page Investment Plan to work on)!

▸▸▸Enroll in our FIRE Master Class: This FIRE Master Class is designed for people interested in pursuing financial independence and retiring early. In the Master Class, we explain how to live off of your investments during early retirement; how to withdraw money from your investment accounts to support your living expenses during retirement; how to calculate your FIRE number; new and creative ways that you can save money; new side hustles for making money; how to invest in the stock market and in real estate; we discuss healthcare options in retirement . . . and MORE!

▸▸▸Enroll in our How to Move to Portugal Course: A Step-By-Step Course to Relocating and Living in Portugal: This course is designed for people interested in moving to Portugal. In the course, we explain the visa process, the documents you need to submit for your application, and the step-by-step process that we took to obtain our visas; we explain the residency permit process and how we obtained our residence permit here in Portugal; we explain the process for buying and renting a house in Portugal; we discuss healthcare, school options, and setting up NIFs, we explain taxes here in Portugal, and MORE!

▸▸▸Follow us on Instagram:

Our Rich Journey – Lease Options | The Real Estate Strategy that Kickstarted our Journey to Millions! – Let’s face it: The current real estate market can be hard to get into. There’s such a high barrier to entry and it seems like housing prices just keep going up! This is the same type of housing market that we faced when we graduated from college and were looking to purchase our first home. But, in addition to the rapidly increasing housing costs, we had poor credit (at the time!) and we had very little money for a down payment. So, how did we get our foot in the door with a 3 bedroom/2 bath condo in San Diego? We entered into a lease option! In this video, we explain what a lease option is, the pros and cons of lease options, and how we used our lease option to kickstart our real estate portfolio!

▸▸▸PLEASE SUBSCRIBE:
If you like our video, please make sure to “like” the video and subscribe to our channel. We post one video a week related to our journey towards financial independence, including making money, saving money, and investing money. Make sure to check out all our videos and . . . join the journey!

DISCLAIMER:
We are not financial advisors. Our videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won’t experience any loss when investing. Always remember to make smart decisions and do your own research!

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our personal opinions.

#FinancialFreedom #HowToRetireEarly #FinancialIndependenceRetireEarly…(read more)

LEARN MORE ABOUT: IRA Accounts

INVESTING IN A GOLD IRA: Gold IRA Account

INVESTING IN A SILVER IRA: Silver IRA Account

REVEALED: Best Gold Backed IRA

Lease options – the real estate strategy that kickstarted our journey to millions!

Real estate investment has long been considered one of the most reliable and lucrative ways to build wealth. However, for many people, the high upfront costs and potential risks involved can be overwhelming. That’s where lease options come in – an innovative real estate strategy that has helped countless individuals kickstart their journey to financial success.

A lease option, also known as rent-to-own or lease-purchase agreement, is essentially a contract between a buyer and a seller. The buyer leases the property for a predetermined period of time, usually one to three years, with the option to purchase the property at a later date. During this lease period, the buyer has the opportunity to build equity while also testing out the property to ensure it meets their needs.

So, how exactly does this strategy work? Let’s break it down. As an investor, you first find a motivated seller who is open to the idea of a lease option. This could be someone who is having trouble selling their property or is in need of immediate cash flow. Once you’ve identified a potential property, you negotiate the terms of the lease agreement, including the purchase price and the option fee.

The option fee is a non-refundable payment made by the buyer to the seller to secure the right to purchase the property at a later date. This fee is typically a percentage of the purchase price and is often credited towards the final purchase price if the buyer decides to exercise the option. It’s important to note that if the buyer chooses not to exercise the option, they forfeit the option fee.

Now, during the lease period, the buyer may choose to rent out the property to tenants. This allows them to generate rental income, which can help cover the lease payments and potentially even produce a positive cash flow. Additionally, if the property’s value appreciates during the lease period, the buyer stands to benefit from the increased equity.

At the end of the lease period, the buyer has the option to purchase the property at the predetermined price. If the buyer decides to exercise the option, the seller is legally obligated to sell the property under the agreed-upon terms. However, if the buyer chooses not to proceed with the purchase, they can simply walk away, without any further obligation or penalty.

So, why is this strategy so powerful? It offers several advantages for both buyers and sellers. For buyers, lease options provide an opportunity to enter the real estate market with minimal upfront costs. This can be particularly beneficial for individuals who may not have the necessary funds for a down payment or who may not qualify for a traditional mortgage.

On the other hand, sellers benefit from lease options by having a wider pool of potential buyers. In a slow market, this can be a game-changer for those struggling to sell their property. Additionally, lease options offer sellers a steady income stream through lease payments and the potential to sell the property at a higher price in the future.

For us, lease options have been a game-changer in our journey to wealth creation. They have allowed us to acquire properties without excessive upfront costs or the need for a mortgage. By implementing this strategy, we have built a portfolio of rental properties that generate significant cash flow while also appreciating in value.

Of course, like any investment strategy, there are risks involved, and it is essential to conduct thorough due diligence before entering into any lease option agreement. It is also advisable to consult with real estate professionals or seek legal advice to ensure all parties are protected.

In conclusion, lease options are a powerful and innovative real estate strategy that has the potential to kickstart your journey to financial success. Whether you’re a buyer looking to enter the market with limited funds or a seller struggling to sell your property, lease options offer a mutually beneficial solution. So, why wait? Start exploring this strategy and unlock new possibilities in the world of real estate investing.