Lease Purchase?
A lease purchase in real estate is a type of agreement where a tenant leases property for a set period of time, with a contract to purchase the property at the end of the lease term. This type of arrangement can be beneficial for both the tenant and the landlord, as it allows the tenant to test out the property before committing to a purchase, while also providing the landlord with a steady stream of rental income.
Lease Purchase MAP Features
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Downloadable eBook "What you need to know before entering into a lease purchase."
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Meet with our preferred lenders to start your Pre-approval Map Plans
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Search for available lease purchase properties
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Book one on one consultation
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Schedule Showings
$199
3 month plan
Upgrade to get access to our VTM
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Renters
Future Buyers
Suggested Criteria for Lease Purchase Candidate Pre Approval
Income: Candidate should have stable, verifiable income equivalent to 3x the rent.
Credit: Minimum credit score 550
Rental History: two years of good, verifiable rental history (No evictions or foreclosures in the past 3 years)
Criminal Background: Candidates should have a clean criminal background
Financial Contribution: Candidates should be prepared sufficient funds to initiate lease purchase and eventually close they lease purchase. We suggest 3% - 10% of target property price.
Not quite there yet? Join our Home Ready MAP Plan. It's FREE! Get the education, tools and resources to get "home ready."
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Best Value
Lease Purchase MAP©
199
Per Person
Valid for 3 months
Perfect for renters on track to buy in the near future!
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