Canada and Montreal people! Anyone do a lease to own?

[John Lombardo]

Hi All,

We just purchased a property to flip a week ago on an open conventional 1 year mortgage.

But I've already found a potential buyer on a lease to own strategy.

My issue is that means my initial strategy to flip and run with the profit doesn't work.

The L2O will lock me in though, wont it?

I was thinking of maybe doing a re-fi once the renos are done, since the buyer is willing to live in it during reno's.

Thoughts?

John