Who holds the mortgage on a lesson option!?
Hello my fellow BP members...
I was approached by a representative of an investor group pushing the idea of lease options. The wording of their spill made it sound as if you can make more money on a lease options than with flips and rentals. They also mentioned that this approach was one with less risk and no need to sign up for a loan/mortgage. If I don’t hold the mortgage, who does? I’m a little confused.
Help!
—Jayde