BusinessJuly 26th, 2008admin
Why are real estate investors having so much success offering "rent to own" homes?
Lease-options offer home ownership opportunities to folks with little cash and not so hot credit.
Oh boy, there are plenty of those around.
Both parties in a lease-option deal are counting on the buyer being able to qualify for a home loan before the option expires.
The investor wants to collect his profit when the optionee buys. The optionee wants to own the home.
During the lease period the renter/optionee must be working to improve their credit score to the point where they can qualify for a loan and buy the home.
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