Lease options are not my favorite way to buy

Lease options are not my favorite way to buy

A lot of my students want to learn about lease options.

I have done a lot of them and have made a lot of money. However, they are not my first choice I always say the risk is commensurate with the reward and there are greater risks with a lease with an option than getting the deed. People talk about using lease options as control without ownership but that can be a misnomer.

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Determing value of your potential investment property

angry

Learning how to do appraisals.

What a bummer. I  have been using Redfin for years. I liked it because you could look at recent sales and decide which ones are true comps. They took that feature away and now it by averaging sales. That does not work. You don’t know which ones they are using or what they determine is a comp. Then   they average it. WRONG!!! That’s not what an appraiser does. They pick similar ones that are within a mile and sold within the last 3 months.

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