http://www.trulia.com/voices/Home_Buying/Any_thoughts_on_doing_a_Lease_Purchase_I_am_about-134885Any thoughts on doing a Lease/Purchase? I am about six to eight months from clearing up my credit but this option is attractive to me now...what are the pitfalls or benefits and should I give this plan serious consideration?en-ushttp://www.trulia.com/voices/profile/Real_Estate_Pro-Covington_GA-283298/http://www.trulia.com/voices/profile/Real_Estate_Pro-Covington_GA-283298/Good afternoon Kevin. I deal a lot with lease purchases in the current market. I have one client in a lease purchase now for 18 months. I also have a listing that is offering lease purchase. My suggestion to you is talk with a lender and work with them on a monthly basis to ensure you are on track. In the mean time you need to review your available cash for a down payment. Lease purchases require some money down. When you actually close the home the down payment is applied toward earnest money and deducted from the sales price. Please feel free to contact me at 678-448-6732 or bparker@remax.net. Also, visit my website at www.beckyparker.com for other useful information. I look forward to hearing from you soon, Becky ParkerTue, 09 Jun 2009 13:19:20 -0700