Jul 8, 2019
What You Should Know When Selling with a Lease Option
Wondering how to sell with a lease option? What should your contract include? How much fees should you charge for an option? What’s the best lease option strategy?
You all know I’m a big fan of owner-financing and this is how I do all my property deals. But another way to do a subject to deal is through a lease option. Since I don’t sell using lease options, I’ve brought on a special guest, Bill Walston. Bill is an accomplished property investor with 30 years of experience. He walks you through some important things to know when selling with a lease option.
Bill shares information on tax implications, option fees, and what to include in contracts. He also runs through whether you should use rent credits, and a simple strategy he uses to turn lease options into owner-financed deals.
What you will learn
In this episode, we cover the following about selling with lease options:
- Contracts - what to be aware of and what to include.
- Option fees - how much to charge your tenants.
- Tax implications of selling using a lease option vs. owner-financing.
- Rent credits vs. seller concessions.
- Strategy on turning a lease option into an owner-financed deal.
- If banks view a lease purchase as refinancing.
- Where to find good optionees.
Mentioned in this episode
For more information on selling with lease options you can get in touch with Bill via the options below:
Email: Bill@billwalston.com
Facebook: Send Bill a private message
Website: https://billwalston.com/about-bill/
Join us on Facebook at the “Subject To Real Estate Forum with William Tingle” for more insights & information on subject to deals!
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