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Lease Purchase your Investment Property
In today's real estate market investors are being faced with some difficult decisions on what to do with their single family investment homes.  Dump the house, probably for a loss, Rent the house, probably for less than the monthly mortgage payments, or lease purchase.
As an investment property owner I am currently lease purchasing a few homes. A few of my favorite features are 1.  the non-refundable deposit, 2.  a pre-negotiated sale price at the end of the two years, and 3.  not having the same responsibilities as a renter (landlord tenant act).
Also, due to the lack of available loans for the average person, an average down payment (non-refundable) can be anywhere from $5,000 to $20,000.
Therefore, if your monthly lease payment doesn't cover your mortgage payment then the down payment should cover the difference and probably provide a positive monthly cash flow.
I am a fan of the lease purchase for my own investment properties.
Mat Curtner/Realtor
J.Roberts & Company
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