Lease-Option Purchases References Share Share Quick Takeaways “A lease option is a contract in which a landlord and tenant agree that, at the end of a specified period, the renter can buy the property at a specified price. The tenant pays an up-front option fee and an additional amount each month that goes toward the […]
Lease Option Pitfall Number 3 Protecting the seller from getting sued and getting a lien or a judgment with this particular property is it important part of dealing with least options. When we place a property into a Land Trust, it turns a public real estate investment into a private real estate investment. If somebody […]
Lease Option Pitfall Number 4 Not using a loan servicer so that your payment goes directly to paying the mortgage company PITI. So the solution to making sure that the loan stays current and the seller owner of the property does not neglect to pay the mortgage on time, we use a loan servicer. These […]
Lease Option Pitfall Number 5
Lease option then assign We enter into a lease with option with the seller then sell the paperwork to a buyer for a fee. This is similar to wholesaling where you enter into a Sale and purchase agreement or an Option to purchase agreement and sell the paperwork for fee. Lease option assignments are a […]