EP 014: What You Should Know When Selling with a Lease Option

What You Should Know When Selling with a Lease Option

Wondering how to sell with a lease option? What should your contract include? How much fees should you charge for an option? What’s the best lease option strategy?

You all know I’m a big fan of owner-financing and this is how I do all my property deals. But another way to do a subject to deal is through a lease option. Since I don’t sell using lease options, I’ve brought on a special guest, Bill Walston. Bill is an accomplished property investor with 30 years of experience. He walks you through some important things to know when selling with a lease option.

Bill shares information on tax implications, option fees, and what to include in contracts. He also runs through whether you should use rent credits, and a simple strategy he uses to turn lease options into owner-financed deals.

What you will learn

In this episode, we cover the following about selling with lease options:

• Contracts - what to be aware of and what to include.
• Option fees - how much to charge your tenants.
• Tax implications of selling using a lease option vs. owner-financing.
• Rent credits vs. seller concessions.
• Strategy on turning a lease option into an owner-financed deal.
• If banks view a lease purchase as refinancing.
• Where to find good optionees.

Mentioned in this episode

For more information on selling with lease options you can get in touch with Bill via the options below:

Email: Bill@billwalston.com

Facebook: Send Bill a private message

Website: https://billwalston.com/about-bill/

Join us on Facebook at the “Subject To Real Estate Forum with William Tingle”  for more insights & information on subject to deals!

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