Here are 5 great advantages to lease option investing:
- Little to no money down investing. Whether you are buying from owners directly or through Realtors, there is little to no money down required to buy a lease option
- Little to no risk. If you're buying a house on a lease option, you also maintain the right not to buy it. This, to me, is the best benefit of lease option investing. If the market goes up you can buy; if it goes down you can try to renegotiate or you don't have to buy.
- No qualifying. In most cases with lease options you will never have anyone ask you for your income or credit information. This is done by building rapport with the seller or the Realtor.
- You can buy them with your IRA. This is a little more advanced concept but you can buy lease options with your self-directed IRA. This allows you to get your profits tax free! You need the right type of IRA and the right IRA management company. I use Equity Trust.
- The seller will love you. The seller will be thrilled that you helped them with their situation. The won't be able to thank you enough if you looked for a solution that was a win-win.
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