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Updated about 6 years ago on . Most recent reply

User Stats

22
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4
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Adam Camacho
  • Flipper/Rehabber
  • Tulsa, OK
4
Votes |
22
Posts

Lease to Purchase Tulsa Oklahoma

Adam Camacho
  • Flipper/Rehabber
  • Tulsa, OK
Posted

Has anyone did a lease to purchase option in Tulsa OK and can shed some light on how to go about things? 

Most Popular Reply

User Stats

32
Posts
32
Votes
Jeff O'Neal
  • Flipper/Rehabber
  • Tulsa, OK
32
Votes |
32
Posts
Jeff O'Neal
  • Flipper/Rehabber
  • Tulsa, OK
Replied

@Adam Camacho Here's a lease option agreement that I drafted when I was in a situation very similar to the one you're in:

Lease Agreement with Option to Purchase

I rented out the property for 18 months to another tenant (extending the agreement for an additional 12 months at the initial expiration).  After purchasing the property outright, I fixed & flipped it.  I'm not a lawyer, so you'll probably want to review any such agreement with an attorney if you have questions about the terms or validity of the agreement - a couple hundred bucks is worth the peace of mind.

Happy investing!

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