Condo's....can they be...

Condo's....can they be...

assigned or lease optioned?

I honestly don't know, but I've seen several that have struck my interest. One bed, one bath, full upgrades in low-crime neighborhoods, 750-800 sq. feet. Of course the asking price is inflated by $15,000 but it's been on the market for 4-5 months or so.

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The race isn't given to the swift, but to those who'll endure to the end.
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re: lease option

Those with more experience in condos will be better able to guide you, but my two cents concerns lease-option...some condos have restrictions that they can only be owner occupied. That information will be in the condo rules/by-laws --and also the listing agent should know whether they must be owner occupied or not.

All the best to you,
Nancy D.

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Owner - occupied

aerialist wrote:
Those with more experience in condos will be better able to guide you, but my two cents concerns lease-option...some condos have restrictions that they can only be owner occupied. That information will be in the condo rules/by-laws --and also the listing agent should know whether they must be owner occupied or not.

All the best to you,
Nancy D.

That was very helpful. Thankyou!

__________________

The race isn't given to the swift, but to those who'll endure to the end.
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Sugab28

You're quite welcome! Let us know how this turns out!

Have a joyful and successful day!
Nancy D.

__________________

Help feed the hungry - www.freerice.com

This is true for RE..."The best way to learn this business is to do this business." - John Addision, co-chief executive officer, Primerica

Aerialist's Journal - Because Life Is a Circus
http://www.deangraziosi.com/real-estate-forums/investing-journals/18857/...