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Zero Down on a Lease Option - The Property That Paid $6,500 a Month
Description
Andrew LeBaron shares how he and his partner picked up their first short-term rental with zero down using a lease option on a funky property nobody else wanted - then banked $6,500 to $7,000 a month before selling the contract itself for $20,000. From that start three and a half years ago, he scaled Buy More Time to 34 units by building automated systems: Jotform checklists with live-photo and geolocation widgets, Airtable databases that auto-order inventory when supplies run low, and Stripe payouts that wire cleaners and handymen the moment a checklist is approved.
The conversation spans creative financing strategies - seller-financed deals at 2% interest-only for 60 to 120 months, paying full asking price in exchange for zero down - and the systems that free Andrew to focus on deal-making instead of operations. He explains how to find lease-option candidates by targeting properties over 90 days on market, why he hires only VAs who already have jobs, and the three-interview vetting process that keeps ten Filipino team members running the business while he hunts his next 42-unit hotel purchase.
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