Lease Option Investing - 2 Ethics rules to live by

When it comes to lease option investing there are 2 rules that every investor should always follow.

#1 If the deal isn't a win-win-win for the seller, the investor and the tenant-buyer (and the real estate agent too), then walk away from the deal. There are plenty of deals out there where everyone can win.

#2 Don't do lease options with potential buyers who have no way of ever being able to get a mortgage. That's just being greedy and taking advantage of someone. It is not fair to the buyer. If the buyer messes up, shame on them. But if you mess them up, shame on you!

There are just too many deals out there for you to sell yourself out in the ethics department just to make a few bucks. At the end of the day, no matter what you did you have to live with yourself and your integrity. Not only that but if you do shady deals you give all lease option investors a bad name and that makes it harder for everyone to do deals. Stick to these rules, you'll be a lot happier if you do.

Lease options are really a great way to invest because they help everyone in the deal as long as you are doing them properly and ethically. You are meeting the seller's needs, the buyer's needs, the real estate agent's needs and your own needs.

See this post at it's original source at http://www.wendypatton.com/blog/lease-option-investing-2-ethics-rules-to-live-by