Sandwich Lease Option on ugly Distressed houses?

Question

Im trying to weigh my options. Had an low ball offer rejected but built some rapport with her on the home. A lease option would be a great solution to her problem since she is not in a hurry to sell bit is stressed, however its an older house and needs a lot of work hence the low ball offer. Maybe even a gut rehab.

Are there tenant buyers who would fix then flip a property that is distressed? If this is the case how would I go by finding them? I understand the risk, I just need to find the buyers.

Nathaniel M Cooper · Answer

Thank you @Linda Govan. What should I say to buyers without sounding annoying? I heard some buyers don't even wanna talk to you without having a deal under contract.

Linda Govan · Answer

At the point the home isn't liveable you will need to solicite for buyers. If you are wholesaling you should always market for buyers and know what they are willing to purchase. Its no need to tie up people homes under contract and you haven't sourced any buyers for those types of deals. Some rehabbers do like a good "term" lease option deal

Nathaniel M Cooper · Answer

Thank you @Linda Govan. That is a great for homes with little to no real need of repair. The question I have is what if their is a home that is extremely distressed. In need of major repairs and is not suitable for living due to some fixing that are safety issues but has potential? Could I find Tenant buyers that are rehabbers who would use that time to fix and repair the home then flip and sell to close me out thus closing the orignal seller out depending on the terms and years? Are their Rehabbers and Fixers that would do this as opposed to a straight assignment. I hope I was a bit more clear on that.

Linda Govan · Answer

Contact Realtors and network to see if they have any clients who would be ineterested. You want clients that have credit issues. Create a landing page to market for rent to own clientele