• Full use of property for income purposes for as long as the lease option lasts.

• Full control of the property and can rent it out, repair it, expand it, or otherwise make it more livable for your tenants.

• Part of your monthly lease payment applied towards making you the eventual owner of the property when you’re fulfilled the terms of the lease option.

• The obligation to pay the real estate taxes, insurance, water charges, or any other charges on the property, which are included as part of your monthly rent-like payments you make for the duration of the lease contract.

You can use the lease option to get lots of income property to build a monthly positive cash flow without ever having your credit checked out. Why? Because the seller offering a lease option:

• Wants to get rid of property quickly.

• Can be appealed to and “sold” on your sincerity and dependability.

• Will rarely run a credit check on you if he/she believes in you.

And - of course - you can use a lease option contract when you have good credit. In fact, this is equally useful to people with good or bad credit or no credit at all!