Lease Option Contract assignment vs Wholesaling

[Lance Gorton]

How is assigning or selling my contract on a Lease Option different than doing the same thing on a "flip"?

[Brian Ballard]

Lease options are simply getting the seller or a property to sell the house for an assigned amount and agreeing to that on contract over a certain period of time.
After this, negotiating with the buyer to purchase the home for a higher price while paying the mortgages + some, essentially so you make a profit off of this along with a down payment payable to you upon signing of the contract.
Have seen this mostly with homes that have high days on market and wont sell accompanied with prospective buyers that have a low credit score and cannot qualify for mortgages. This is sometimes referred to as a sandwich lease option, pinching both to improve your income.. negotiating skills important.

If the buyer wants to back out that's not your obligation to follow through with it if your contracts are worded correctly, it falls on the seller. You shouldn't care if they do because you can assign a new buyer to the home and start the process over collecting a down payment again.

Like stated above. flip homes are buy/fix/sell type stuff.