Purchasing Property through Lease Options - Rent-to-Own concept

A Lease Option is a contract used in real estate. In a lease-option, a property owner and tenant agree that, at the end of a specified rental period, the renter has the option of purchasing the property at a predetermined price.

Lease options represent one of the most attractive real estate investment opportunities for investors because they can generate multiple streams of income within a single deal.

Buying property with lease option:

• Gain control of the property without ownership
• No obligation to buy, but an option to buy

Selling property with lease option:

• Large market of buyers – attract those on the brink of getting mortgage approval
• Profit during the lease and when selling
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