I am currently flipping and selling my properties outright, but I'm wanting to build some monthly income and avoid short term capital gains tax. I am interested in selling my flips via lease option. Should I treat these properties like I would a standard flip or should I use more durable, yet less attractive finishes for the property since there's no guarantee the tenant will buy? I want my property to appraise as high as possible, so I'm curious to know how others are handling this?
This is completely an opinion, but my feeling is that lease option renters are likely to treat your property more as their own, since they intend to buy it. The polish will help convince them that they want to do so. Am I just confirming your intuition?
@Amanda G. , I agree completely, hopefully I don't get burned!