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Updated over 3 years ago on . Most recent reply

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Berl Weber
  • Member since Apr 26, 2021
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Berl Weber's profile image
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Berl Weber
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Berl Weber
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Buying & Selling Real Estate

how can I make sure that a 'lease option' is fully binding?

Berl Weber
Posted

when signing lease option contracts with a seller with a purpose to rehab and sell for a profit, how can I ensure that the seller will not back out after the rehab, or sell for someone else? after all I only have a purchase agreement, not title/ownership? and what's about insurance - what if the property gets damaged after the rehab, how can I get back my money invested in the rehab?

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