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Updated almost 11 years ago,

User Stats

178
Posts
30
Votes
Chip Chronister
  • Investor / Rehabber
  • Fort smith, AR
30
Votes |
178
Posts

Lease w/option, renting, and owner financing

Chip Chronister
  • Investor / Rehabber
  • Fort smith, AR
Posted

With renting I know that I have to fix stuff when it breaks and right now I don't want to do rentals

With lease with option to purchase when something breaks who pays for it even if I put it in the contract that the tennant is responsible if somthing breaks i.e. an HVAC unit etc.

I know that with a owner finance deal that the owner is resposible for all repairs and up keep

So what is the real difference from these 3.

What I am tring to figure out is somethings with the new dodd frank laws. I am wanting to lease w/option my SFH out for a year and then put them on a contract for deed.

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