Lease Option And Lease Purchase

Comments(9)

• 
  tmpringle3014th December, 2004

  A Lease purchase involves a committment to purchase while a lease option gives the tenant an option whether they want to purchase or not.

• 
  BLoadman5th December, 2004

  With either a lease purchase or a L/O, are you required to refund their downpayment.

• 
  nbhomes5th December, 2004

  Quote:
  On 2004-12-05 09:42, BLoadman wrote:
  With either a lease purchase or a L/O, are you required to refund their downpayment.
  
  
  Only when they purchase... correct?

• 
  LeaseOptionKing5th December, 2004

  In actuality, there is no difference, because every Lease Purchase I've seen has a weasel clause, which effectively makes it just a Lease Option.
  [addsig]

• 
  jeff120024th December, 2004

  I have heard very few positive reviews regarding the Neuvo Riche affiliation. Be very careful with your decisions regarding them and your money.

• 
  RetireEarlyLBCA4th December, 2004

  MWSaumier ,
  
  What are your goals ?
  
  Buy and Hold / Passive Income?
  or
  Buy Fix and Sell/ Quick Profit ?
  
  Darryl

• 
  ray_higdon4th December, 2004

  Micah, before going to anymore seminars I would read every real estate book from the local library you can get your hands on, from there you might be able to find what you feel can be your niche and focus from there.
  
  Rich dad, poor dad is good for very new people to get the jist of passive income.
  
  GL
  [addsig]

• 
  jam2004th December, 2004

  Before you buy Nouve Riche's stuff, do a search for them on this site. There's a LONG, involved thread on them here.

• 
  RetireEarlyLBCA5th December, 2004

  MWSaumier ,
  
  Ray is right .. Because of my frugal nature (Crave Free Data) I started @ the pup library ... after hours of reading there
  I left with a real sense of what direction I wanted to goin REI. Then I started finding data on the internet .
  Searches like ...
  
  "Fasted Growing Cities in the USA"
  "RE Statistics for ... ??" (State)
  
  Darryl