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Updated over 4 years ago,

User Stats

13
Posts
10
Votes
Trent Epley
  • Rental Property Investor
  • Chicago (South Suburbs)
10
Votes |
13
Posts

First Post... Lease Option - Good Idea or Stay Away?

Trent Epley
  • Rental Property Investor
  • Chicago (South Suburbs)
Posted

Hey all - I'm a newbie about to close on my first rental property in a A-/B+ neighborhood. It'll require less than 5k to get rent-ready and should cash flow about $350/month. Rent will be around $1900 and trying to determine if I should offer a lease option/rent-to-own (if the potential tenant is interested). I wasn't originally thinking of buy-and-hold but have heard from a few sources this is a potential way to increase the ROI. Any insight would be appreciated!

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