Did you know that you can get 5-10% more for the homes you sell AND get higher than market rent! You can also get ... lease option money from your tenants rather than a security deposit t
Did you know that you can get 5-10% more for the 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 at the end of their lease.
Lease option money can pay for your vacancies if you know how to structure your contracts! I give you the 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 about the book.
Just for those of you who aren't familiar with the process of Lease Option, here it is.
You grant a tenant the option to buy your property at a specific price and within a specific time period.
In exchange for the option to buy, the tenant pays a non-refundable lease option fee.
Often, a portion of their monthly payment and their lease option money will apply to their down payment, when and if they do purchase.
If they don't exercise their option to buy within the time period allotted, the option monies and any payments made toward the house are forfeited.
Surprisingly, I have found that only a small percentage of Lease Option buyers will actually exercise the option. (50%-60%)
I cover this material in detail in my book.
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If you haven't checked out Joe Crump's "$0 Down Real Estate Investing With Bad Credit And No Job!" yet, go to his web site for full details.
Click Here - http://www.realrealestateexperts.com
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