Lease option is a process when a rental agreement is combined with a purchase or an option contract. The price, length of contract, escrow instructions, rent credit, and other relevant terms are negotiated in advance. A percentage of the tenant/buyers rent is credited to the down payment or the price.
This kind of transaction can be a win-win-win situation for the buyer, seller and investor.
Kick Start Your U.S. Foreclosure Investing
Hans Anderson
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