The Pros and Cons of Lease to Own
By Amanda Bouck
Lease to Own (LTO) is an arrangement where an individual enters into a lease agreement with the property owner, with an additional "Option to Purchase" agreement. The Option to Purchase typically gives the tenant the right to purchase the property at a predefined future date for a prespecified purchase price.
LTO can be a great strategy to get properties into your portfolio and secure good tenants who will take pride in the home.
It’s a win-win, because it allows the tenant to become homeowners at the end of the term, when they may have otherwise struggled with saving up for a down payment.
But a LTO strategy can also come with risks and drawbacks.
In this video, our Investor Summit Expert Panel and I go over the pros and cons of Lease to Own.
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About the Author
Amanda Bouck
Amanda Bouck has been successful real estate investor since 2009. Starting her career in the fitness industry taught her about hard work and dedication to her goals. Amanda was a professional Property Manager for many years and managed a substantial portfolio. Amanda’s husband Marty is a Carpenter and they are an incredible investing team. Their favourite strategies are 2-unit conversions, Flipping, Flip to Yourself, Flip to JV, and Buy and Hold and Joint Ventures. The knowledge Amanda gained over the years with investing, renovations and property management, brought her to the Keyspire team in 2014, where she serves as the Sr. Manager, Coaching & Content.
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