arizona: Selling Your Lease Purchase as an Investment Property
- 10/03/07 11:23 AM
I recently ran accross some interesting investment opportunities for some clients. As I have said before, I am a fan of lease purchasing properties for a few different reasons. 1. Landlord Tenant laws do not apply. 2. The tenant signs a two year lease purchase contract rather than a typical one year lease for a renter. 3. MOST IMPORTANTLY - A large non-refundable earnest deposit. Here is the best part of this deal. Because of the current mortgage market it is difficult for the average home buyer to qualify for a new loan. However, these same people may have the 10% - 20% earnest deposit required to (5 comments)
arizona: Lease Purchase your Investment Property
- 10/03/07 09:14 AM
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 (6 comments)