Lease option closing

[Denzel Domingo]

Lets say me and Seller agree on terms and we get the property under contract for a lease option to purchase. What are the closing costs involved?

[Michael Carbonare]

There are no closing costs until the option to purchase is exercised.  Until then it is only a lease agreement.

[Denzel Domingo]

@Michael Carbonare

Have you ever done lease option assignments? Also do you have any contracts i can use as a reference for my own?

[Michael Carbonare]

I've done many lease option assignments.  Probably several hundred over the years.
What contracts are you using?

[Denzel Domingo]

@Michael Carbonare

Im looking at the one Wendy Patton has its on youtube for free. Im assuming you’ve done alot of subject to deals as well?

[Michael Carbonare]

Few Sub To deals.  I was never a fan.  I'm certainly not the last word on that strategy.