Well if you do a lease with an option to buy make sure a attorney draws up the documents nnn don't give a dwn pmt Because if the property goes in foreclosure you could lose out on your downpmt. Make sure its recorded at the court house nnn see if you could pay the lender directly instead of the home owner. I have seen people get hurt by the property owner by taking the dwn pmt and monthly rents nn let the property go in foreclosure. That's why i recommend a attorney.
ooh yeah the terms of the lease can be structured just about anyway i have herd of those putting portions of monthly payments being applied towards principle.
Modified by scrapper at 8:39 AM 8-15-2007
Modified by scrapper at 8:49 AM 8-15-2007