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Updated over 10 years ago on . Most recent reply

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297
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Roc P.
  • Philly Area, PA
26
Votes |
297
Posts

Lease\option vs Sub2 then selling property

Roc P.
  • Philly Area, PA
Posted

Hello everyone, I've been researching the site about the lease options and sub2 deals, and I'm little confused since this is not my forte. 

I have a prospective lead, a house with no equity, I want to tie it up and then resell for a profit within 2 years. 

Any suggestions on how to do this legally in PA. I was thinking lease option or taking over the payments and trying to resell the property. 

Let me know what you think, I know I'm short on details, but I'm working on getting everything from the seller as we speak.

I'm just trying to feel out if this something worth while or should I pass. Thanks Roc

Most Popular Reply

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123
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123
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Matt Skinner
  • Developer
  • Los Angeles, CA
123
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123
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Matt Skinner
  • Developer
  • Los Angeles, CA
Replied

Most states that are worth investing in are appreciating right now so it would serve most smart investors to tie up properties (with or without equity) for as little money as possible and hold for appreciation - specifically if the rent will service the debt.

I'm not sure what "anti-guru" means but I will say that investing in my education has resulted in the best ROI over any other investment I have ever made.

And I would never have thought that offering someone thousands of dollars worth of legal documents (when that is what he asked for) for free would ever be misconstrued as an "under the radar" solicitation.  

I thought we were here to help each other.

Thanks for the comments @Bill G.

Next time use red ink when you grade my paper - it makes it easier to learn from.

Stay frosty.

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