How do I structure a rent-to-own so that the option fee is considered part of the downpayment from the client's bank or mortgage lender's point of view in 24 or 36 months?
Re: Rent-to-Own or Lease/Option Down Payments by: Tom Karadza
Hi Jeanne,
You want to word your Option Agreement so that the option fee is clearly listed as money that goes towards the down payment of the property. Definitely have a good real estate lawyer create that option agreement properly for you. That's very important - good question.
We share our option agreement as part of our Rock Star Inner Circle, http://www.YourRockStarLife.com, if you're interested. It comes out during one of the weekly lessons in the program.
