Rent to Own a.k.a. Lease Purchase, Lease Options

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Alejandro Lozano
  • Rental Property Investor
  • Chicago, IL
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Sandwich Lease Option

Alejandro Lozano
  • Rental Property Investor
  • Chicago, IL
Posted May 24 2022, 20:21

Hello all I am looking to do a sandwich lease option in Illinois and wanted to know if I can do it without a real estate license and if there is anybody here from Chicago that I can network with that has had some success in doing sandwich lease options.

Chicago, Illinois

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Michael Carbonare
  • Investor
  • Fort Lauderdale, FL
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Michael Carbonare
  • Investor
  • Fort Lauderdale, FL
Replied May 25 2022, 02:35

Good morning, Alejandro.  You do not need to be a licensed Realtor to work lease options in IL.  That applies not only to sandwich lease options but also the various other types of lease options, such as a cooperative assignment.  I've been investing with lease options for about 29 years and have done hundreds.  I've never been a licensed Agent.