Comments on: Buy Low, Rent Smart, Sell High–The Art of the Lease-Purchase http://www.doughroller.net/investing/buy-low-rent-smart-sell-high-the-art-of-the-lease-purchase/ Money Management and Personal Finance | The Dough Roller Sat, 21 Nov 2009 01:10:27 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: DR http://www.doughroller.net/investing/buy-low-rent-smart-sell-high-the-art-of-the-lease-purchase/comment-page-1/#comment-1479 DR Sun, 28 Oct 2007 21:30:10 +0000 http://www.doughroller.net/2007/07/25/buy-low-rent-smart-sell-high-the-art-of-the-lease-purchase/#comment-1479 Mr. Cheap, I use the lease option a lot, but do so on fair terms. While I've heard of $5,000 or $10,000 lease options, mine are closer to about 1% of the purchase price or about $1,500 to $2,000. Also, I am willing to enter into a longer term lease (say 3 years) to give the tenants time to save for the down payment. I also give liberal lease credits to help pay for the down payment. True, not everybody will exercise the option, but for many, the lease option is the only reasonable means of buying a home. Mr. Cheap, I use the lease option a lot, but do so on fair terms. While I’ve heard of $5,000 or $10,000 lease options, mine are closer to about 1% of the purchase price or about $1,500 to $2,000. Also, I am willing to enter into a longer term lease (say 3 years) to give the tenants time to save for the down payment. I also give liberal lease credits to help pay for the down payment. True, not everybody will exercise the option, but for many, the lease option is the only reasonable means of buying a home.

]]> By: Mr. Cheap http://www.doughroller.net/investing/buy-low-rent-smart-sell-high-the-art-of-the-lease-purchase/comment-page-1/#comment-1477 Mr. Cheap Sun, 28 Oct 2007 19:19:39 +0000 http://www.doughroller.net/2007/07/25/buy-low-rent-smart-sell-high-the-art-of-the-lease-purchase/#comment-1477 What's your feeling about articles like John T. Reed's (http://www.johntreed.com/leaseoption.html) that claim that Lease Options are almost without exception a bad deal for the tenants/"future owners"? I looked into lease options a while back, and they seem like a GREAT deal for the owner/seller, but they seem to be quite difficult to set up (up here in Canada anyway). If the default rate is as high as JTR claims, I think I'd feel really bad for the failed potential owners too... What’s your feeling about articles like John T. Reed’s (http://www.johntreed.com/leaseoption.html) that claim that Lease Options are almost without exception a bad deal for the tenants/”future owners”?

I looked into lease options a while back, and they seem like a GREAT deal for the owner/seller, but they seem to be quite difficult to set up (up here in Canada anyway).

If the default rate is as high as JTR claims, I think I’d feel really bad for the failed potential owners too…

]]> By: Sacramento Real Estate http://www.doughroller.net/investing/buy-low-rent-smart-sell-high-the-art-of-the-lease-purchase/comment-page-1/#comment-435 Sacramento Real Estate Thu, 26 Jul 2007 17:23:25 +0000 http://www.doughroller.net/2007/07/25/buy-low-rent-smart-sell-high-the-art-of-the-lease-purchase/#comment-435 DR, Excellent recommendation and a good read for the investor. - Gena Riede DR,
Excellent recommendation and a good read for the investor.

- Gena Riede

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