Bring up the subject of using Lease Options for real estate transactions and you normally get one of three reactions. "I hate 'em! I have never seen one work out right yet!" - from some real estate agents. "I think they're great!" - from investors who actually use them. Or maybe you get a "What's a lease option?" from someone just getting into the business.
Whatever your position, I probably wont change your mind. I will say however that lease options are one way to control and benefit from real estate without taking on the risks of ownership. And they provide a service that cannot really be done in any other way, except with rent to own and the two concepts are so close together that they are almost the same thing.
Lease option real estate solves a problem that has always been with us and one that is going to get much bigger, very rapidly with the tightening up of sub-prime mortgage lending. That problem is credit.
To read the rest of the article please see my posting at EzineArticles.
Originally posted 2007-09-19 14:02:55. Republished by Blog Post Promoter
free lease option contract 9th April 2008 9:44 am
If you want to be a truly empowered car buyer, then secure a loan through a bank, credit union or other lending institution before you buy. You’ ll generally get a lower interest rate than what the dealership can offer you, and you’ ll essentially become a“ cash buyer”. This means you’ ll have more negotiating power on the total price of the vehicle, lower monthly rates, and no chance of the dealerships finance department sneaking in any hidden fees into a finance contract. Most lending institutions, upon…