Updated about 12 years ago on . Most recent reply
Lease w/option, renting, and owner financing
With renting I know that I have to fix stuff when it breaks and right now I don't want to do rentals
With lease with option to purchase when something breaks who pays for it even if I put it in the contract that the tennant is responsible if somthing breaks i.e. an HVAC unit etc.
I know that with a owner finance deal that the owner is resposible for all repairs and up keep
So what is the real difference from these 3.
What I am tring to figure out is somethings with the new dodd frank laws. I am wanting to lease w/option my SFH out for a year and then put them on a contract for deed.