Trying to sell a house that’s sitting on the market without attracting a decent offer?
Don’t give up. Think creatively and use a lease-with-an-option-to-buy strategy to get the cash flow flowing! When you find the right tenant, this arrangement can make sense for everyone concerned.
But beware. There are tax traps that you’ll need to avoid if you want to come out a winner. We’ll show you how to keep the IRS happy (and keep money in your pocket) when you read my new article titled Tax Tips: How to Lease-Option the Sale of Your Home or Investment House.
Here’s just some of what you’ll learn in my new fact-filled article:
- How a lease-option deal can generate three sources of income!
- A close-up look at how a lease-option works!
- The four ways your tenant benefits from the transaction!
- Why it’s good for your tenant to have “skin in the game”!
- How to handle the tax on rent, the tax on sale, and the tax on the option!
- Two dangers of the lease-option and how to avoid them!
- How to keep the IRS from calling your lease-option contract a “sale”!
- Two tips to keep in mind when you’re drawing up the contract!
… and much more!
