Living in the bay area has made it impossible for me to own my own home. I don't make anywhere near enough for a mortgage, so I rent.
It kills me not to be able to remodel the house I live in as I have had access to all sorts of free building material over the years. I could, but why would I waste my time and money, right?
So today I had an idea, sorry if it's already been presented. I'm sure Dean has already thought about it.
Anyway, what if I enter into a lease option, with the option to re assign. Then Fix it up. Mostly cosmetic. I wont be spending lots of money.
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Living in the bay area has made it impossible for me to own my own home. I don't make anywhere near enough for a mortgage, so I rent.
It kills me not to be able to remodel the house I live in as I have had access to all sorts of free building material over the years. I could, but why would I waste my time and money, right?
So today I had an idea, sorry if it's already been presented. I'm sure Dean has already thought about it.
Anyway, what if I enter into a lease option, with the option to re assign. Then Fix it up. Mostly cosmetic. I wont be spending lots of money.
Then put it on the market.
Has anyone used this strategy?
Zeek