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Hey guys, its Clint Coons here. And in this video, Im going to teach you how to not screw up your next lease option agreement that youre using to sell your piece of real estate. Okay, lets get started. All right, so lease options are really where Im going with this video is I want to talk about the tax consequences of entering into a lease option agreement and where you can get yourself into some tax issues by not setting them up the right way. And I and the reason I thought about bringing this up is that Ive had a number of clients contact me recently because if you look at the market, interest rates have gone up. So its harder for people to qualify now for mortgages. So what are they looking to do? Well, they cant come in and buy the property today. Maybe mortgage rates will go down in the future and they can qualify for that loans. Theyre looking for a way to get into a property and have homeownership and not make it an outright sale where theyre buying it from you initial
