Quick Tip about Getting the Most from the Lease Payment in a Lease Option

Quick Tip about Getting the Most from the Lease Payment in a Lease Option

If you do a lease option you will be receiving payments each month. As investors we want more money to be paid each month if possible. This money is normally non-refundable.

The more money you can obtain for the option credit the more money you have to fix the property, carry payments, or invest elsewhere.

Here are some ways I have seen that can bring in more option credit:

- Give more rents towards their purchase. If common rents is $1200 you should be able to charge about $1320 -$1400. If the buyer pays say $1500 you could give the buyer the extra $100 dollars towards their purchase. This money would be above and beyond the percentage they receive for just paying their monthly lease payment.

- Increase the percentage they receive overall for their lease payment. Normal amount of the lease payment that goes towards the down payment is 7%. But let’s say that the buyer pays an extra $100 dollars per month you could give them say 7.5% of their lease payment to go towards the down payment / purchase.

- You can sell them additional items such as the washer and dryer for an extra $100 per month.

Ideas like this which are similar to working with the option credit can improve the lease option for you. Having a higher amount per month can help you carry the property, pay for payments, or make more. Enjoy!


If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125

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