Looking for a Lease Option Contract that benefits the Buyer...

[dmassado]

Does this exist? I am trying to find a contract that is a management contract with the option to buy. I haven't had any luck it seems that all of them are skewed towards the seller.

[TaxLienGuru]

You may have a hard time finding one today because Lease Options to buy have fallen out of vogue lately.  Every Guru began to teach "Subject to" and investors followed the mantra. 

When buying on Lease Option, you have much, much, much less control of the property than if you buy Subject-to... but in some cases there are some (few) compelling reasons to "buy" with a lease option.

Why are you looking to "buy" with a Lease Option? What's the deal look like?

[herbster]

I sent you a PM. Herbster

[dmassado]

There are two deals actually, that we want to structure the same way. They are to Master Lease a apartment building. Essentially take over the day to day and then eventually purchase it with the cash flow and pay the down money 3 months in. Same deal with single family.

[AJ290]

You may have a hard time finding one today because Lease Options to buy have fallen out of vogue lately.

Says who?  I'm glad no one told me because I closed three assignments in the past four weeks.

[tatertot]

damassado, an apartment building is a big purchase. Shell out $100-$200 and have a local lawyer draft a fill-in-the-blank contract for you that does what you want and is legal for your local laws and takes into consideration the way the local judges rule.

3 months in doesn't give you a lot of time to arrange financing and build a down payment. If the seller is willing, give yourself more time. If you have extra time, you don't have to use it if you can get ready faster.

I would have said that lease options are out of style (which doesn't mean non existant) because none of the noobs are asking about them.