Can you control a multimillion-dollar commercial property without having the money to buy it today?

Andrew Wright thinks he may have found a way.

In this episode of The Andrew Wright Property Podcast, Andrew takes us inside a live deal he's currently negotiating using a strategy he's never personally used before: a lease purchase contract.

The property is a large commercial site Andrew has offered $2.45 million to purchase with just a $25,000 deposit and a proposed delayed settlement. But the purchase itself is only the beginning.

Andrew walks through how he believes he could potentially create value before settlement through leasing, rental arbitrage, development approval and even $1.5 million worth of stock currently sitting inside the property.

In this episode:

• What a lease purchase agreement is and how it works
• Lease purchase agreements vs lease purchase options
• How Andrew found this property completely off market
• Why he's proposing a delayed settlement
• How a potential national tenant could transform the property's value
• The rental arbitrage opportunity Andrew sees in the deal
• How $1.5 million of included stock could help fund the eventual purchase
• The potential development opportunity on an acre of spare land
• Why Andrew is speaking directly with council before settlement
• The risks that could still derail the entire strategy
• Why problem properties can create some of the biggest opportunities

Nothing about this deal is guaranteed and that's what makes this episode different.

You're hearing Andrew's strategy while the deal is still happening, including the risks, unknowns and negotiations that could determine whether it becomes one of his best deals yet or doesn't happen at all.

Follow the podcast because we'll be coming back to this deal as it unfolds.

Learn more and join Andrew's property community