The lease with an option to purchase is becoming more and more popular as the real estate market declines. This is a means for buyers to gain access to an Adult Family Home business that they can end up owning. They can save money along the way by having money accrue toward their down payment. They can start profiting from the Adult Family Home business now instead of having to wait to qualify at a bank, which is becoming increasingly difficult.
Sellers like it because they have a tenant that acts like an owner and pays more monthly than a regular tenant. Good cash flow and peace of mine with the tenant.
This is a win/win for Buyer and Seller.
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