THE LEASE OPTION
The Leveraged Approach
Most people view real estate investments with the traditional purchase procedure in mind: Locate a property, make an offer, combine a down payment with financing, and hold the property for the long term. This is the usual method of making real estate investments, but it is not the only method. One creative alternative is the lease option.
THE LEASE-OPTION CONTRACT
This strategy has two parts. The lease is a rental contract between the current owner and a tenant. The option provides the tenant with the right to purchase the property at some point in the future. The option includes several important ...