I had this situation come up again last week…
Advice: If you enter into a lease option agreement don’t give cash for the option money.
The reason is when you try to buy the house down the road you will have to prove you gave the option money to get credit for it. …it’s hard to prove cash.
You can do a personal check, cashiers check, or money order. …but, don’t give cash.
That’s it for today!
Have a good day today! …and thanks for reading.