Tactic: lease to own distressed property, renovate then sell
What if you:
1.) lease to own a distressed property
- very low deposit (your only actual out of pocket expense)
2.) made a deal with a contractor friend to renovate it for free if you paid him a percentage of profit
3.) immediately put the house up for sale way more than you agreed to pay in the lease to own contract
I wanted to hear from people with more experience dealing in this type of entrance strategy and tactics.
Entering real estate with low or no money down