I am currently trying to purchase my first investment property. With my business being commission based I have no proof of income to receive an actual loan from a bank. Do you guys have any tips on how to approach realtors/homeowners for them to actually consider a lease to own option?
Investor · Charleston, SC · Member since 2011 · 606 posts · 413 votes
2y
You may want to call landlords and ask them 2 questions. First, would you consider a long term lease (of course they will say yes). Second, ask if they would consider selling their house at some point in the future. If they say yes to both them possible lease option deal. You can usually get a lower rent payment since long term and they like no turn over and try to negotiate price to around 90% or below.
You may want to call landlords and ask them 2 questions. First, would you consider a long term lease (of course they will say yes). Second, ask if they would consider selling their house at some point in the future. If they say yes to both them possible lease option deal. You can usually get a lower rent payment since long term and they like no turn over and try to negotiate price to around 90% or below.
Thank you! This makes much more sense than reaching out to a realtor or houses listed on the mls.