Lease Option: Single Family vs. Multi-Units - Posted by Kris
Posted by Kris on November 04, 1998 at 01:49:46:
I’ve been hearing so much on this website about lease optioning properties as one of the easier ways for beginning investors to get started in real estate. As a novice investor myself I am very interested in trying to do a deal like this, but my question is if it’s easyer to do it with a single family or multi-units. Theres a single familly on the market here in Los angeles for 187k, but there is a 6 unit apt bldg on the market I’m looking at as well that is fully rented. What would be an easier deal for a beginner like me.
Also, I’m very interested in L/O and fliping that property over to another seller for cash profit (something I heard from carlton sheets course as well as the article from bill bronchick. He, bill bronchick, calls it “controling without owning”) Is something like this feasable for a beginner like myself with no cash living here in southern cal?? I am really anxious to make a good deal happen by christmas. All experienced investors are welcome to answer back. Thank you so much for your time as well as your feedback.