New At Lease Options
I just purchased my first investment property. I have been talking to my Realtor about L/O option to buy. I think this would make me feel more secure in getting a better quality tenant on a two year lease option to buy program than just a standard rental tenant. How do I get started with writing the lease option, down payment, and should I allow rental credit? What is the most attractive? My realtor said he could help me write a lease option contract but there would be a 3% charge to the loan which the buyer would pay and it would be tacked onto the loan. Is this normal? My realtor is an investment realtor and really good. Does anyone have recommendations for websites, stores, companies, etc for obtaining lease options agreements and making sure everything is covered? Looking forward to your reply. Thank You
Do a Google search on Lease2Purchase.