Re: [RealEstate] Lease with option to purchase advice

[Tom O'Keefe]

*I buy property here in Southern California all the time using Lease Options.. Its a great way to do a purchase for both buyer and seller and has tax advantages too, amongst other advantages. *Usually it is a portion of each payment that goes toward the down. (maybe 30-50% or so)  Also, there is always a time limit to exercise the option..  You have to be careful with ABSOLUTELY EVERYTHING AND EVERY POSSIBLE ANGLE, UP FRONT, AND IN WRITING, as agreed by both parties (!!) or , one side or the other can get schafted bad..   Tom O'Keefe [EMAIL PROTECTED] 310.619.0648         ----- Original Message ----- From: painisgone To: RealEstate@yahoogroups.com Sent: Thursday, November 10, 2005 11:44 AM Subject: [RealEstate] Lease with option to purchase advice I am planning to rent out my new second home. The renter wants a lease for a year or two with an option to purchase. He wants the lease payments to apply to his downpayment in the future. Is this usually done this way or is a smaller percentage usually applied? Thanks Richard Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com RealEstate Part of RealEstateZoo.Com ------------------------------------- Post message: RealEstate@yahoogroups.com Subscribe:  [EMAIL PROTECTED] Unsubscribe:  [EMAIL PROTECTED] List owner:  [EMAIL PROTECTED] Web Site: http://groups.yahoo.com/group/RealEstate SPONSORED LINKS Real estate loan online Commercial real estate Real estate Business finances Real estate list Real estate portal YAHOO! GROUPS LINKS  Visit your group "RealEstate" on the web.    To unsubscribe from this group, send an email to:  [EMAIL PROTECTED]    Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.