A lease/option has two components: an occupancy agreement (the lease) and an option,the right [but not the obligation] to buy within a certain time limit and pricet.
A "rent to own" can be a lease/option if you want it to be. Many times to be a little different in advertising it is posted as a rent to own or lease to own or rent to buy, or buy like rent.
But, it can be any one of a number of other owner financing techniques. Such as a "contract for deed", a wrap-around -mortgage, www.etc.etc.
Yes you can sub-lease, as long as a clause saying that lessee has right to sub-lease and/or assign this lease agreement, or something to that effect is in your lease you enter into with the seller.,
There is a book (by Conti and Finkel) that deals with this topic. I just started reading it but so far the strategies presented seem sound. I will be planning to use their method in a few weeks.
The answer is yes and/or no.
A lease/option has two components: an occupancy agreement (the lease) and an option,the right [but not the obligation] to buy within a certain time limit and pricet.
A "rent to own" can be a lease/option if you want it to be. Many times to be a little different in advertising it is posted as a rent to own or lease to own or rent to buy, or buy like rent.
But, it can be any one of a number of other owner financing techniques. Such as a "contract for deed", a wrap-around -mortgage, www.etc.etc.
If you enter into a lease option but only want it as an investment can you sub-lease to another tenent?
Yes you can sub-lease, as long as a clause saying that lessee has right to sub-lease and/or assign this lease agreement, or something to that effect is in your lease you enter into with the seller.,
Chris
There is a book (by Conti and Finkel) that deals with this topic. I just started reading it but so far the strategies presented seem sound. I will be planning to use their method in a few weeks.
Happy Investing
Will you please post again after you make your 1st deal using this method?
thanks~Chantelle
Also, do you have a title for that book you were referring to in your post?
I think that you can download it free at www.resultsnow.com
Quote:
On 2003-10-25 21:38, thomasgsweat wrote:
I think that you can download it free at****Must Reach Senior Investor status before posting URL's***
Yes, this is correct. And yes, I will post again after my 1st deal using this method should I go through with it.