Make Sure Your Lease Option Client Gets This Important Service

Since credit is getting tighter, if your exit strategy is to have your tenant exercise the lease option after a certain period of time, you should have your finance person run a check to see if they will be able to refinance in the time frame you have in mind.

This is going to cost you an average of $200 to $300 for the service. It is critical that you do it! What we have most of our investors do is make this fee part of the Non Refundable Lease Option Fee, and pass it on to the tenant.

DON’T SKIP THIS STEP! Don’t get cheap at this point in the process. View this on the same level as getting a property inspection before you purchase a home. Sure you may get away with not having one, but the vast majority of times, it ends up costing you more money in the long run than if you had just spent the money for the inspection in the first place.

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