10-02-2005, 03:04 PM
| | use lease purchase contract
Most of us would like to get into a house for as little money as possible out of our pocket. This allows us to have a reserve of security cash in the bank and allows us to use our money for other things such as investments, vacations and big-people toys (my personal favorite is traveling).
You may be asking yourself how can you buy a house for less than 5-20% down plus closing costs
and prepaids (which typically amount to an additional $3,500). My answer to your question is short and sweet - the lease purchase contract.
This real-world example will prove to you how quick and easy it is to buy a home with the lease purchase contract. In fact, this is how I bought my last home that I live in right now: http://www.buyincomeproperties.com/...sh _down.shtml