One of the most frequent questions I get asked when someone is interested in Lease Options is "What contract do you use?". Coming up with 20% down is a difficult task for most investors and can be the biggest hurdle when attempting to break into investment real estate. This is a step by step walk through the Lease Option Agreement I have used to acquire my rental properties. At the completion of this course you will have an agreement you can take to your local real estate attorney and get into compliance with local and state laws. You will be one step closer to achieving your goal of controlling a rental property with no money down.
With real estate being a great vehicle to becoming wealthy, this will be a great tool to help you begin with minimal resources. Once you acquire the property you will still have to maintain a good working relationship with the owner, but you will be on your way to building a real estate portfolio. Although Lease Options and Owner Financing a great tools to get your foot in the door of the real estate business, then end goal should be to acquire the title from the seller and have 100% control of your own property. That is how you build wealth!