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Lease Options / Rent To Own help | Lease option reverse


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Maureen
investor

 

Lease option reverse

Wednesday, September 12 2007 11:08 AM

 

Hi.
I just bought Jim and Randy's lease option program and I have only just started to review it.  (If I can, I do plan to attend the Sunday seminar.)  Here's the question.....Thus far, we have only offered our properties as rentals, none as rent with option.  However, I am thinking I may offer one of my single family homes as a rent with option to buy, mostly to increase cash flow.  Question:  If I offer rent with option, collect extra money on top of rent thats "earmarked" for purchase, but I decide at the end of the agreement I don't want to sell, what happens to the money on top of rent that was "ear marked" for the potential purchase?  

Maureen Christine-Bazan
President, Andante Properties LLc

REPLY

Randy Hughes
SFH Master Advisor

 

Re:Lease option reverse

Saturday, September 15 2007 08:38 AM

 

Maureen,

That is one of the great benefits to a lease-option deal. If the tenant does not exercise their option and buy the house, you keep ALL the money!


Randy Hughes

REPLY

 

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