Lease Option - Wendy Patton looks at a lease option home

Seeing is one of the best ways to learn. Take a look at this video as Wendy Patton walks you through a potential lease option home.

This is the first time Wendy has seen it and she is looking at it to see if she wants to make an offer on it to put together a rent to own investing deal. She points out how she looks at the home through buyer's eyes - noting things like curb appeal, the nice hardwood floors, the condition of the kitchen, even the wallpaper. When you look at a potential lease option investment you need to see it through your tenant-buyer's eyes. They are not as picky as regular buyers because they know they have fewer options, but they also aren't going to want a complete dump either. Wendy points out a few little, inexpensive tricks she can do to help improve the look of the home, like paint touch ups and buffing out scratches in the hardwood floors.

This home is listed with a real estate agent. Many real estate investors don't like to look for investment properties that are listed with real estate agents, but it's Wendy Patton's favorite way to find lease option deals. Real estate agents have control of most of the "pretty" houses on the market, which are the best ones for lease options. Plus they tend to know what sellers can and what sellers can't consider a creative solution like rent to own. Take a look at this lease option investing article where Wendy talks about working with real estate agents when doing your rent to own investing.