Flipping a house that’s a lease option.

[Matt Tobler]

I’m wondering if I were to find a house that is Rent-to-own under a lease purchase if I would be able to rehab the house and sell it. I would enter the deal with my down payment, negotiate asking price and potentially off to pay my year lease in full. While I’m in the lease I’d rehab it and quick sell it. After the sale I’d pay the owner what we agreed upon and take the profit. Basically I’m trying to figure out if that is possible or are there some rules that state that until the house is completely paid off I cannot sell it. Thanks for your help! Matt

[Chibuzor Alumba]

Hi Matt, how do you plan to answer the potential questions the house owners will ask you about rehabbing the house?