Post Title. 11/17/2010
What do you think of Lease Options?? In simple terms, a real estate estate lease option is the right to control a property without the obligation to buy it. As an investor, when you have such an option, you have the oportunity to buy the property during a set time, but you aren't required to do so. he time period agreed to by you and the seller at the time the agreement is signed. If you don't exercise your right as abuyer, the lease options expires, and you have no further resposibilty to the seller. in most cases, you'll have to pay an option fee. That fee may or may not be applied to the property's purchase price, depending on the circumstances of the situation. As with any real estate investment strategy, there are many benefits and downsides to lease options. One of the great benefits is that they're inexpensive in terms of the amount of money you have to put in each deal. This is to say that you only have to lay down a small percentage of funds instead of needing to raise the full amount to control a property. CommentsJeff LeConte 03/02/2012 13:36
I liked the great but brief description of Lease Options Leave a Reply | AuthorChrissy KIng, president of MIC, is a real estate investor, a licensed real estate broker, Her forte is finding and analyzing real estate investment opportunities and putting together investment groups and helping them find financing packages to turn opportunities into realities. CategoriesArchivesThis blog is unmoderated and uncensored. Please keep it that way by keeping discussions on-point and civil. Thank you! |
RSS Feed