Lease option, subject to. Should I? Its in North Carolina.
I was just approached with a house(nice little 3-1 1056 sq ft) that a friend of mine is wanting out of. They cant sell and dont want to rent. She said she would let me take over payments if i wanted it. Listing on this house is about to expire so a realtor would not be involved. Asking price is 85,000 but it appraised for 115 i believe. Right now she's just wanting to get out of making the payments. What should i do? I'm not in North Carolina nor do i have any buyers in NC lined up. Taking it over and renting it out might be an option but a little difficult being a 2 hour drive across the mountain for me to deal with tenants. Any advise would be amazing right now as this might turn into my first deal.
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ROFR is much safer option in North Carolina.