I have a possible lease option Buyer, now what?

[Andrew Nelson]

I have a potential rent to own/lease option "buyer" that I am trying to put in a property. My one rental property I have right now is rented. How can I quickly obtain another property to rent to them without having to go through a full purchase, but be able to make a decent income in the end? I might be over thinking the process. Let me know if you have any ideas on how to make this work for both of us. 

Thanks for the help.

[Hattie Dizmond]

Find a distressed owner and offer to purchase the property Subject 2 their existing financing.  It can be a pretty quick transaction, since their is no underwriting, qualifying or closing.  However, make sure you fully understand ALL the federal and state requirements around owner financing and Rent to Own/Lease Option agreements.  Dodd-Frank, the SAFE Act and other legislation in the last 10-years as dramatically changed the landscape around those transactions.