Monthly Payment Options
I would like to get people's opinion on monthly payment options.
1. Do you get say $1500 a month with a $300 monthly rent credit when the option is taken?
2. Do you get a $1350 with no monthly rent credit?
3. Or something else?
Which one do you perfer in your L/O buyer contracts and why?
Thanks.
I prefer option 1 because you can get higher than market rent (extra cash flow!) and your tenants only have the option to buy the place.
If they do buy the place you win.
If they don't buy the place you also win.
Try to incorperate this into all of your sales.
I get an extra $200 or more in rent, which I double in credit, so the T/B won't be late. It allows that ownership feeling to remain all year long. I usually get the other $200 from rental credit I write in the Contract with the Seller, but even if I don't, it's worth it for me to pay it in order to obtain all the benefits rental credit offers.
[addsig]