Help With Lease Option Flip
New so please bear with me.
Have a house that I am leasing with option. Option price is way below FMV. We are looking to get some cash out without shelling any money out. I believe you call it "Flipping". Am I better off working with an investment company or trying to FSBO.
I have done some research and know that I have to find a buyer who is able to get an unseasoned loan and that the title company has to be experienced with sim closings.
What do I need to look out for in my current Lease Option Contract that could prevent me from doing this?
I have an investment company interested but they keep hounding me to see my contract/they are using a middle man who is a local real estate agent for Remax. Should I be leary that they will go behind me directly to the owner for the sale.
They told me seller gets to pick Title Company? Could this be an issue with the 1st party seller to me?
What kind of profit should I look for?
Any help would be greatly appreciated.
Do you want to continue living in the house? Do you want to own the house? Or are you just looking to get some money and move out of the house?
If you are going to flip, call me as I am in the area Brenda 407-733-9984.