Just locked up a really solid Subject-To deal in Palmetto, FL — strong cashflow and solid equity.
I’ve done several creative deals before, but this one I’d like to dispo properly instead of holding long-term.
Not sure what's the best dispo route here — wrap, lease option, or JV assignment.
Anyone with experience in SubTo dispo strategy willing to share some advice or hop on a quick call?
Appreciate any insights!
I'd do a Lease Option in case there is a problem, You can evict. (only true in certain states) If you do a Wrap, you lose ownership and control. You have to foreclose. I'm not sure what your definition of a JV assignment would be, because that can mean a multitude of things. attention lurkers, just because a recommendation has been made, does not mean it will be implemented correctly without training.
Thank you so much for your response! Have you done lease options before? Do tenants usually end up buying the house when the time comes, or do they walk away? And what option fee do you usually charge to lock in the purchase price?