Why Sell Property You Already Own With a Simple Lease Option?

Selling property you already own with a simple lease option is a powerful way to solve property problems.

Think about a property you already own but don’t want to maintain or manage any longer. It may be that this property is located far away from you, and is a drain to your resources. Might there be qualified and more experienced investors in that area who would be pleased to buy that property from you on an option?

Might you even consider selling to a tenant buyer through a simple lease option on a “Rent to Own” purchase plan? If you want to simplify or improve your own portfolio, this may be an easy way to achieve that.

Selling to a Tenant Buyer with a Simple Lease Option

Rent to Own is a perfect exit strategy for the creative investor because it allows you to:

Sell an underperforming property for the best price
Maximise your financial return on a property you no longer want to hold
Create cash-flow from deposit money paid when the tenant buyer moves in
Collect a higher than market rent each month as a premium
Minimize the headaches of tenant management
Create powerful publicity in your target area by helping local families who otherwise couldn’t own their own home

Helping tenant-buyers (often first-time buyers) in this way is very rewarding! This also has huge advantages for you the investor. You can use this approach to continue to improve the quality of your portfolio, replacing high maintenance property with newer, more desirable stock.

Rent to own works very well in any market since you will always have motivated buyers. It allows the first time buyer and others to move in, settle down and start enjoying their own home without bank finance. What does that mean? You are offering an opportunity for them to escape the rent rut even without a large deposit, or if the tenant buyer is unable to secure a mortgage in view of strict lender requirements!

More about selling your home with a simple lease option in future articles.

Mark Jackson is a prolific Property Options Investor and educator, author and problem solver. Having had outstanding success in the UK using Property Options he founded a number of educational and training companies including Lease Options Made Simple with Wendy Patton in 2010. Born in South Wales Mark and his wife Julie have travelled extensively and spent ten years teaching, training and coaching in a number of Eastern Bloc countries in connection with their unpaid voluntary work. Involved in public speaking since the age of 15 Mark is passionate about imparting understanding simply. On return to the UK in 2004 Mark set the goal of financial freedom, and quickly achieved that through investing in property.

http://www.leaseoptionsmadesimple.co.uk