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Updated about 8 years ago on . Most recent reply

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6
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Ted Daniels
  • Carnation, WA
20
Votes |
6
Posts

Wholesale (Lease option)

Ted Daniels
  • Carnation, WA
Posted

What happens if tenant/future owner decides to break the contract and not pay the rent after a couple of months, 6 month eviction process?

Most Popular Reply

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Brian Gibbons
  • Investor
  • Sherman Oaks, CA
3,921
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Brian Gibbons
  • Investor
  • Sherman Oaks, CA
Replied

You might want to paint a picture.

Say a seller you find wants to sell on lease w option.  You find a tenant buyer, you do a lease option assignment or cooperative assignment or wholesaling lease option.

If they break the contract, the tenant buyer might sue, seller can start eviction, etc.

Are you looking for zero problems in the Rent to Own Business?  It does not exist.

@Steve Vaughan is awesome in Wash State.

@Ted Daniels 

Best of Luck!

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