I have a local real estate agent that is able to put people in lease options. There is no money down with a 5 yr term to buy.
What is the up or down of getting into one of these lease options and then put a tenant in it?
In my mind, this is a property that i can lock in at today's price, but not have any money into it. If after 5 yrs, if the house does not have the equity or perform as desired, I can walk away from it, but could allow me to cash flow over the next 5 yrs.
thoughs good or bad?
hey! I'm flying to Tampa now for a mastermind!
I'm not sure I full understand... Are u saying you can control a property on a leas option for nothing down then lease it out etc?
So who owns these houses that will take nothing down from strangers... I must be missing something.. Then again.. I'm reading this on my phone at an airport
yes, that pretty much sums it up. I am going to talk to the realtor later today to get any additional specifics.
my understanding is i can get into the lease option for 0 money down and hold the property up to 5 years with a lease option. if that is the case, i want to know if there is anything legally that keeps me from putting a tenant in there and cash flowing for those 5 yrs.
I found out the property needs to be the primary residence.
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