Bridgehouse America in Phoenix - Lease with option to buy

20 Replies

Hi everyone.  We have a lease with option to buy offer on a house in Florida from Bridgehouse America in Phoenix, Arizona.  They are interested in doing a sandwich lease option or assigning the option back to us.  According to the Arizona state records, the company was established in July, 2017.  Has anyone heard of them or had any dealings with them?  Thank you very much in advance!

This post has been removed.

Thank you, Mike!  We are actually the sellers in this case, so we want to make sure we are dealing with a reputable company.

Hi Philip,

I got an offer today from Bridgehouse America in Phoenix, Arizona. I tried to look them up to see if anyone else has worked with them before, but couldn't find much information on them except for their website (bridgehouseamerica.com). Were you able to find out whether this company is legitimate?

Thank you

I have never heard of this business.  NOT to say that they are not legit, just that I haven't heard of them.  There are so many of these "we will buy your house for cash" companies popping up everywhere, that it wouldn't necessarily scare me off to work with them.  

My suggestion is that you take a substantial Earnest Money deposit, and make it non-refundable.  If you are taking enough Earnest money upfront, then the best case scenario is that they default, or the deal falls through, right?  

Thank you both!  We decided to go a slightly different route with our property and did not accept the Bridgehouse offer.  As Cara stated, it does not mean they are not legit.  They are registered in Arizona, but there was no registration in Florida.

Please us know if you end up working with them.

Has anyone else heard anything new regarding this company?

 I am in discussions with them regarding a property and I cannot find any reputable information regarding their validity.

Disclosure: I work for Bridgehouse

Hi All, I work for Bridgehouse America I would be happy to answer any questions anyone has about the company if at all possible.  

Philip, if you don’t mind my asking, did you move forward with the lease to own contract with BridgeHouse?

Hi Carlos, we ended up going a different direction and did not do any lease to own contracts.  Thanks for asking!  Phil

I am in discussions with them regarding a property and I cannot find any reputable information regarding their validity.

will like to know if anyone has recent info. on refinancing with them and their legitimacy

thank you

This company, and Mario, are scammers. Avoid this company at all costs. He takes your money and runs and never offers anything but excuses and lies.

Updated 7 months ago

I would like to retract this comment. The original issue stemmed from a misunderstanding, which has been resolved. Bridgehouse has been very good at keeping the communication lines open in order for us to work our issue out.

So I was also contacted by Bridgehouse and am interested in going through with a deal, my biggest problem is the lack of communication. I first was contacted my an individual named Amir, but he them passed me off to another individual named Mario, possibly the same Mario who posted above? Either way since then I have called myself, left voicemails, and sent emails back but unfortunately have not gotten a response from them. If you have had experience as a buyer then I can't speak for that side, but in truth there really is not too much they could do to either take your money or scam you from a seller point of view.

That said, I don't quite understand where John is coming from... By nature of the the Lease Option if you are acting as the seller, you provide them with no money for then to run away with.. in fact if they don't pay you after a lease is signed, just send them to court and if needed collections..

Hey everyone, we actually did close a deal with these guys and it went pretty well.  They paid us $2,500 upon signing a lease with the option to buy then subleased the house out about 10 days later.  Then tenants applied for a mortgage and we should be actually selling the house in November.  I thought I would add my 2 cents, we were very skeptical before the process began and gave them a very short leash, I too agree with Jacob I don't think an investment firm would have much luck scamming a homeowner...

This post has been removed.

We co-brokered several deals with them...the all went well. 

I am currently working with Mario/ Bridgehouse and have been very frustrated. Started with him missing our scheduled meeting because he was waiting for his dessert at brunch. He found a lease to own tenant for my rental property and reduced the rent from what we agreed on without my knowledge. 

He had the tenant pay $4000 for the option to buy and only $500 of that was paid to me, 3 weeks late. We have a 3 way lease with me as the landlord and Bridgehouse assigning the lease to the tenant. The original lease said the damage deposit would be paid to the landlord but Mario told me he would be holding on to the damage deposit. I asked if he was holding it in escrow and he ignored the question. I've asked for a revised lease showing the deposit was paid to Bridgehouse and not to me and 3 weeks later I still don't have an accurate lease. First rent payment is now 4 days late and no communication from Mario. If the tenant actually pays rent each month and ends up buying the property without me having to improve or list it, I will be a happy landlord, but as of now, I find Mario to be unprofessional and frustrating to do business with.

Updated 5 months ago

Update: I did receive the rent payment and everything is going well at this point.

Updated 5 months ago

I did receive the rent payment and everything is going well at this point.

I did a lease to own contract with Bridgehouse on a property in Avondale Arizona.  They told us the house would be sold in 10 days it actually took 13 but it wasn't a huge deal.  The process was something I was not familiar with, I had my house for sale by owner I was only getting agents wanting to list the house not real bites.  BH text me send me a few options, I agreed to one of them they paid me an "option consideration fee" then had a tenant buy the contract from them.  I was allowed to check the background and income of the tenant (I met them in person), we got the first months rent and everything seems to be going decently.  I called Mario I think he's the boss over there about a house in Tucson I had that needs major work, I asked if the would do a lease to own contract on it he said no because it isn't really livable but he made me a cash offer (pretty low) I took it and they closed in 12 days.  From what I see they seem to have their ducks in a row and have the money to buy houses that need reparirs. 

Do not do business with Bridgehouse (Mario), he is untrustworthy and will take your money.I am a seller of a home and trusted Mario to find a good qualified tenant but all he did find the worst possible tenant for my home.

I did the Sandwich lease Option with Bridehouse where they will be the middle man and handle everything and even pay rent if the tenant does not or the house is vacant.Bridgehouse failed to collect a security deposit when the lease was signed and now have stopped paying me because the tenants stopped paying.

The tenants reported a pluming issue to Mario and neither the tenant or Mario got a Plummer on-site for 3 days (all without my knowledge) which caused sewage backup in my house. When a Plummer did come out to fix the issue he was not paid, and Mario ignored his calls for 2 straight weeks. I only found out about this because I called the pluming company to get more information on the issue.

After all of this, Mario told me he filed an eviction and after a week told me it was denied because it did not have my signature (how does a company not know to file a proper eviction). He then told me he filed the second one (with my signature) and after waiting 14 days I asked Mario for an update and he told me the court was still processing it. Almost every day for another week I kept asking and all he said they were still processing it. I finally called the court and they told me they had no record of an eviction, so Mario never filed the eviction and just lied to me about the whole thing for over a month.

I have now hired my own eviction lawyer to get this guy out of my house. I am also talking with a different lawyer to deal with Mario for breach of contract. I am out several thousands of dollars all because Mario and his unethical business practices.

Updated 4 months ago

Bridgehouse reached out to me and we have come to an agreement and they are going to help get my house cleaned and fixed so it is back to normal once the tenant is evicted. They owned up to their mistake and are doing everything they need to make it right.

Updated 4 months ago

Bridgehouse has reached out to me to try and resolve the issues.

I had never dealt with and "investor" before, I always went the realtor route.  After my dealing with Bridgehouse America I will never use a realtor again.  I got the same result and it cost me zero, zip, nada!  Finally a company that understands that I should be valued, great job 10 out of 10 in my book.  I had no problems with payments and the house sold in 11 months. 

This post has been removed.

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here