Cornerstone has leased two houses in past week with option to purchase. Seller got full price offer on house and makes money each month during option period!
Here’s how the lease to own option works…
Owner gets option money, plus difference between rent and mortgage payment, and mortgage paid until buyer closes… if buyer doesn’t close, owner gets option money—
sometimes in excess of $10k for their trouble.
It’s simple, profitable, and risk-free.
And here’s an example:
- Location: Colorado Springs Country Club
- 5 bedroom / 4 bath / 3 car 4200 sf Home
- Asking price: $335,000 • OFFER Price: $335,000
- Amount down: $10,000 (non refundable to seller)
- Monthly mortgage: $1,400
- Monthly lease rate: $2125
- Monthly lease paid to seller until close
- $725 profit each month until closing
- Closing planned in 6 months
It’s not magic… It’s sensible, smart business!
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