Good morning all,
Colorado has a plethora of state approved contracts and forms but I can’t seem to find anything for a Lease Option or a Lease with the Option to Purchase Agreement.
Is this something that is included in the standard Contract to Buy and Sell Residential Real Estate contract? Or is there a separate agreement?
All I can find online are guru contracts and I don’t trust those as far as I can throw them.
Any assistance is greatly appreciated.
@Dan Williamson I love doing lease options! You will have to pay the money and have an attorney draw it up. You will also need to read up on it, because a lot of attorneys may not understand what you are trying to do.
This could end up with equitable interest on the person you lease option to. You don’t want that. I recommend reading The Straight Path to Real Estate Wealth by Kris Krohn
Get to know these guys...
They are hard money lenders from Denver but the founder got started doing lease options and occasionally gives classes about them.