lease options

[Mary Stead]

I am new to the lease option market and wanted to hear what other investors experiences were. Thank you

[Johnna Lodge]

When the market was great, i would get $5K down or more non refundable towards principle. 

The higher the down payment the better it would be to close at an attorney's office (we close with attorneys in Georgia)/Escrow Agent ..

rent would be rent that was appropriate at the time for area and property

I would give $50 a month rent credit (you could give more also more if based on down payment)

And up the sales price $10K above market since they could not buy the property at today's value with 3 years to qualify and purchase.

House is worth $135K 

Lease Option $145K

4 bed 2 bath w basement rents for $1200

$50.00 equity credit (reduces the sales price if they cash out)

$5K down reduces the purchase price for perspective buyer and/or tenant