Lease Purchase Membership Program
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.
Not quite there yet? Join our free home start memberhip. It's FREE! Get the education, tools and resources to get "home ready."
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.
​
©
Join the next Lease Purchase Workshop
Monthly virtual workshop