Re: Does anybody buy on a L/O anymore? - Posted by gerald(tx)
Posted by gerald(tx) on July 02, 2003 at 10:49:33:
Let’s make sure we differentiate between buying and selling when conveying ownership.
Buying by Lease Option doesn’t give you the control over the property that a Sub2 deal does, simply because you have the deed in the latter case.
However, selling by L/O is a quite viable option as it gives you considerable flexibility and avoids certain hassles in Contract for Deed sales.
Buying Sub2 and selling L/O is not a bad route to go. But it boils down to what you are familiar and comfortable with, as well as your state regulations.