First Lease Option

thepsalms182 profile photo

I am considering lease optioning out a property I have. I have never done a lease option before and need some expert advice. I have been doing my research and studying up but any input is much appreciated. I also do not have the 2 separate contracts. Not sure if they are posted anywhere here but I thank anyone that could point me in the right direction.

Comments(4)

  • LeaseOptionKing17th February, 2007

    Lack of education can get rather expensive (in mistakes and so forth). If you are starting from scratch, you probably need a Course. There are several for sale in the Products section. I highly recommend Bill Bronchick. The Forums provide for some truly great free advice once you get rolling. Good luck!

    _________________
    "A deal is only as good as the quality of your Contracts." --Me[ Edited by LeaseOptionKing on Date 02/19/2007 ]

  • thepsalms18219th February, 2007

    Thanks Brian for the advice and everyone that responded. I had a woman that has $5,000 to put down, but is on section 8. I know there are plans to help people on section 8 purchases homes, but not sure exactly how they work ? Anyone have any idea ? Thanks Again.

  • bbriscoe19th February, 2007

    Wow - please tell me about these plans. I really need to sell a house and would love to find someone with $5K to put down. Is that $5K from section 8 or from her own savings (tax refund)?
    [ Edited by bbriscoe on Date 02/19/2007 ]

  • thepsalms18221st February, 2007

    from tax refund

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