Investor offering lease purchase, is this a scam?
I have a house available for rent.
I got a call from an investor that says he has a buyers pool and they can buy the house from me on a lease purchase. The buyer will pay my full asking price, I collect rent for 12 months and then the buyer closes on the house with their own financing so I get paid in full.
This seems too easy so it has to be a scam.
Can someone explain what they are doing?
Most Popular Reply
Pure speculation to follow.
I bet he's collecting an upfront nonrefundable option fee or something from the tenant ("buyer"), I bet the tenant doesn't qualify for a mortgage, and I bet that they still won't qualify in a year.