Episode 024: Buying A Home With A Lease Option

People often think there are only two options, rent or buy… but there’s actually a 3rd option! You can buy a home with a lease option, also known as “rent to own”. In this episode we will explain how you can buy a home using a lease option, what to expect and where to find them. Check out the full episode and if you have questions, be sure to reach out to us or drop your question in the comments.

//SHOW NOTES

00:00 The 3rd Option to Rent vs. Buy

00:23 Intro

00:46 Welcome To The Homeowner Prep Podcast

01:35 Sometimes You’re Just Not Ready… Yet!

02:27 How A Lease Option Works

05:14 Forced Savings Plan

07:27 How The Purchase Price Is Determined

09:28 Option To Buy, Not Obligation To Buy

10:05 What If You’re (Still) Not Ready?

12:39 How To Find Lease Option Properties

13:38 Get Started with Homeowner Prep

14:36 Outro

//IMPORTANT RESOURCES

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//ABOUT HOMEOWNER PREP

Homeowner Prep helps aspiring first time homeowners through real-world advice and accountability. This podcast was created for those who dream of owning their first home – and are willing to do whatever it takes to make their dream a reality!

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//LICENSE INFO

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