Have an investment property that you are currently renting out? Would you be interested in making more money, better tenants and less responsibility? Let's do a quick comparison of Rent Vs Lease Purchase
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Rent
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Lease Purchase
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Deposits/Down Payment
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In a rental the deposits are pretty minimal and typically almost fully refundable
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Down payment is typically 5-15%of fair market value and non-refundable
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Monthly payment
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Based on current rental market analysis
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Based on what future mortgage payment is going to be
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Repairs
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Landlord's responsibility
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Tenant/buyers responsibility
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Pride of ownership
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None, it's just a rental
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Absolutely, it’s their house
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As you can see the benefits of a lease purchase far out weigh just renting your investment property. Give me a call today at 602-384-4175 or visit www.CohanTeam.com and we can discuss your specific situation.
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