Re: Rent to Own Down Payment

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Posted by Lloyd on January 02, 2003 at 21:19:31:

In Reply to: Rent to Own Down Payment posted by Ark on December 23, 2002 at 03:33:34:

Rent to own is really a lease with option to purchase. The "down payment" is option consideration that does not have to go into escrow. It is usually credited toward the purchase price if the optionee actually purchases the property. If no purchase the option consideration is not refundable. Your questions indicates you need some education in this great technique. I recommend Bill Bronchick's course available at www.CashFlowInstitute.com

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Comments:
: Rent to own is really a lease with option to purchase.  The "down payment" is option consideration that does not have to go into escrow.  It is usually credited toward the purchase price if the optionee actually purchases the property.  If no purchase the option consideration is not refundable.  Your questions indicates you need some education in this great technique.  I recommend Bill Bronchick's course available at www.CashFlowInstitute.com


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