investmentpropertiesondemand.com

[Victor Goitia]

Anybody know if this is legal? They offer 30 year lease option and have tenant buyer responsible for taxes, maintenance and insurance. Each month the balance to buy is reduced but 1/360th.

Technically looks like an owner finance deal but with eviction rights rather than foreclosure rights. So is this legal? A Triple Net 30 year lease option i guess?

[Cole Porter]

Originally posted by @Brian Gibbons:

I'd like to see the contract.

I have the contract available, and would be very appreciative of professional feedback on the terms. I am a potential buyer, ie. smalltime investor, planning to payoff in 1-3 years instead of 30, based on location and strong chances of major "urban renewal" in the logistically ideal location.