Posted by Steve-Atl on February 01, 2000 at 07:32:28:
Sure. Try selling on lease option. I heard someone say that lease option is his favorite way to sell a house that he wants to keep. The reason: left to their own, most tenant/buyers do not exercise their option, leaving the option fee behind. Yet they have an ownership mentality. They generally take care of the property and sometimes actually improve it.
I have four properties out on lease option. All gave me $5k to $7k down, all pay their rent on time, all are keeping the property maintained, and I don’t really care if they exercise their option cause I know I can quickly put someone else in there for another $5k-$7k down. If they don’t pay, they are evicted as tenants.