Posted by Lloyd Cook, Los Angeles on February 14, 2002 at 19:48:54:
If I get a great price on it with a lease/option can I still flip it for cash?
yes. you are using your option to buy and selling.
lease/option, first deal? - Posted by jim
Posted by jim on February 14, 2002 at 13:48:54:
This is for all of the Lease/Option experts.
This maybe my first deal in investing and I’m really excited! I’ve got a very motivated seller, whom is interested in a lease/option. If he excepts my contract for the lease/option, can I immediately rent this out to a third party? I could end up getting about $450/month positive cash flow on this deal. If I get a great price on it with a lease/option can I still flip it for cash?
Re: lease/option, first deal? - Posted by DavePA
Posted by DavePA on February 14, 2002 at 23:50:34:
Depending on how bad you need the $$$, why not hold, if you are getting $450/mo. + cashflow?? If your #'s are correct? You don’t give us any other info. Purchase price, FMV in area, Rents in area? All depends on what you want. Good Luck, dave