How To Lease Option Your Properties!

Written by Joe Crump


The information in this article is just a tiny sample of what is contained in my 324 page e-book, "$0 Down Real Estate Investing With Bad Credit And No Job!"

To find out more about my book. http://www.realrealestateexperts.com You can getrepparttar above book AND 6 full months of virtual, *online* coaching with 26 weekly manuals and audios, by going to my coaching site. RENT VS. LEASE OPTION

There are advantages and disadvantages to rentingrepparttar 104093 properties you own or doing lease options.

The typical person who purchases a home using a lease option, does so because they cannot figure out a way to purchase any other way. This means that they probably have credit issues, time onrepparttar 104094 job issues, income issues or no down payment.

A typical renter, onrepparttar 104095 other hand, can be found with good credit and a stable job.

The quality of tenant that you get isrepparttar 104096 only real advantage that I see with renters. Lease Options have some other real benefits.

First of all, you can get more monthly rent for a home than when you sell with a Lease Option. (typically 10% more than market). This 10% is what you would apply torepparttar 104097 Seller's down payment if they do buy, so you haven't lost anything by giving them excellent terms.

Instead of getting a refundable deposit (like you would get from a renter), you get non-refundable option money. I suggest charging aboutrepparttar 104098 same as you would charge forrepparttar 104099 deposit... typically, 1 month's rent. Check out what is customary in your area. Some areas are getting as much as 5% down on a lease option! Since it is likely thatrepparttar 104100 tenant will never exercise their option, being able to keeprepparttar 104101 option fee will cover most ofrepparttar 104102 costs of gettingrepparttar 104103 property re-rented or leased afterrepparttar 104104 current tenant moves out.

You can also sellrepparttar 104105 home for more than market value... typically 5%-10% more. If they do buy, it will be a good deal for you. If they don't buy, you just go out and find another tenant.

How To Sell Your Property For 10% OVER Market Value... Fast!

Written by Joe Crump


Did you know that you can get 5-10% more forrepparttar homes you sell AND get higher than market rent! You can also get non-refundable lease option money from your tenants rather than a security deposit that you have to give back to them atrepparttar 104092 end of their lease.

Lease option money can pay for your vacancies if you know how to structure your contracts! I give yourepparttar 104093 complete contracts (sample forms that are filled out and blank forms that you can print out and use) in my book, "$0 Down Real Estate Investing With Bad Credit And No Job!" You can find out more aboutrepparttar 104094 book. Just for those of you who aren't familiar withrepparttar 104095 process of Lease Option, here it is.

You grant a tenantrepparttar 104096 option to buy your property at a specific price and within a specific time period. In exchange forrepparttar 104097 option to buy,repparttar 104098 tenant pays a non-refundable lease option fee.

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