Updated over 10 years ago on . Most recent reply
Viability of this Whole Lease Option scenario
Hi, I came across an ad for someone willing to lease option their house. They wanted a non-refundable option fee of $2K.
Could I work with them to find a Tenant/Buyer, ask the T/B for a $4K option fee in order to profit $2K from this deal?
Is this possible? What are the pitfalls/issues, etc.?
Thank you for your insight!