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Mastering the Rent-to-Own Strategy for Real Estate Investors with Alfonso Salemi
Manage episode 405303353 series 3527885
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Alfonso Salemi of JAAG Properties is a Rent-to-Own expert in British Columbia. Over the years, Alfonso has done hundreds of Rent-to-Own deals and that helped him develop a passion to help more real estate investors understand the way these deals work and how the strategy can benefit all parties involved.
Listen now to learn more about Alfonso’s background, the Rent-to-Own investing strategy, and why real estate investors today should consider doing them!
Key Talking Points of the Episode
00:00 Introduction
00:55 What is Alfonso’s background?
03:26 What was Alfonso’s first real estate deal like?
07:12 How many rent-to-own deals has Alfonso done throughout his career?
08:10 What is the Rent-to-Own strategy?
10:43 What is the difference between a Rent-to-Own and a Lease Option?
12:02 How does a Rent-to-Own deal work?
19:49 What are the common misconceptions about the Rent-to-Own strategy?
23:43 How does Alfonso help investors sell their properties using the Rent-to-Own strategy?
26:19 Why does Alfonso prefer the tenant-first model?
29:45 How did Alfonso build his business to where it is today?
35:28 What role was Alfonso’s first hire for his JAAG Properties?
38:05 How did Alfonso know that it was time to hire someone to help them with business?
41:43 What is Alfonso’s advice for entrepreneurs who want to make their first hire soon?
45:11 What was Alfonso’s favorite deal like?
47:23 What lessons did Alfonso learn from his favorite deal?
48:17 What was Alfonso’s least favorite deal like?
51:11 How does Alfonso handle properties in remote locations today?
54:02 What has changed with Alfonso’s approach to real estate?
56:05 What is Alfonso’s advice for his younger self?
56:53 What is the most overlooked real estate strategy today?
59:01 How can you get in touch with Alfonso?
Quotables
“It’s not like we collect that initial deposit and go to the casino and put it on red – we are actually putting that towards the purchase of the home. It’s an equity into the property and it’s credited back.”
“The tenant buyers are more involved in the process, they have more at stake in the game, and they actually get to pick a home.”
“Ultimately at our core, it’s finding our team of people that believe in what we do – that’s our internal team and then all of the people that we speak to, they’re our referral partners that wanna help their clients and investors.”
Links
Email: Alfonso Salemi
Website: JAAG Properties
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