What is a Lease Option?

A lease option is a creative real estate strategy that blends a traditional rental agreement with the future opportunity for a tenant-buyer to purchase the property.

The tenant agrees to rent the property for a specified period while working to qualify for a mortgage. During this time, they have the exclusive right, but not the obligation, to purchase the home at a predetermined price.

This approach benefits investors in several ways.

You secure consistent rental income during the lease term, with the added potential for profit from the sale if the tenant-buyer exercises their option to buy. Tenant-buyers typically take better care of the home because they view it as their future property.

Additionally, they cover most of the maintenance and repairs, reducing operational costs for the investor.

Lease options can provide attractive returns with lower risk compared to traditional buy-and-hold strategies. It allows investors to profit from both rental income and appreciation while helping tenant-buyers transition to homeownership.

Visit our tenant-buyer website at the link below to learn more about the program from a client perspective.

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