Updated almost 13 years ago on . Most recent reply
Passive income on wholesale property
Hi, I was looking to do a wholesale lease option on a home but we had trouble finding buyers. So a couple weeks go by and I end up finding someone whose just interested in renting the property. I told the owner about it and he agrees to the deal. So my question is, is there a specific contract that needs to be filled out in order for me to secure my passive income from this deal every month? Thanks for therlies.
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It is really hard to say from what you posted.
What is market rent?
What lease did you get (term, etc)?
Did you get an option to lease? then assign for a fee?
Just trying to understand...