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Neil Aggarwal
  • Lender
  • Richardson, TX
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Investor offering lease purchase, is this a scam?

Neil Aggarwal
  • Lender
  • Richardson, TX
Posted Sep 30 2019, 16:50

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?

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