Lease option investing is an excellent option for those who are interested in Real Estate Investing and who wish to make money from their investment without any ownership and with minimal risk. Lease options work fine except when a seller makes up their mind to let you down. Though you can sue them and force them to sell the property to you, this will however also mean that you will need to spend a lot of money in order to get this done.

It therefore pays to learn how to protect yourself. You should for example make use of Real Estate Webinars and you should also understand what it takes to become a handyman investor.           

To protect yourself when indulging in lease options, you need to start by recording the option. In case the option has been signed in front of a notary you can get the option recorded in the public real estate records. In case the option has not been notarised then you will need to affix your signature to an affidavit which is known as a memorandum of option and this should then be filed in the real estate records in the place where the property is located.

Next, be sure to escrow the deed as this will help protect you in case the seller disappears on you or dies. The escrow needs to be created at the very outset. Finally, be sure to record the mortgage. This will help in securing performance or the agreement including even a purchase option.

Real Estate Investing Videos