Hi All, I am looking to invest in a 2 bedroom house with 2 baths in Long Beach CA I am also considering a condo. I can make a large downpayment I just need a real estate investment I can pay off over the next 4-5 years. I do not know exactly how lease purchases work but any advice would be great so I don't get into one of these deals the wrong way thanks! I have seen ads on craigslist for RTO but the images look getto and suspicious. Thanks for the wisdom out there!
Just curious if you have a large down payment why are lollolong for lease option to purchase?
Because I do not show large profits in my business and cannot get a traditional loan under 5%