OfflineCan an Investor buy a property from a Wholesaler for a good price & positive cash flow + equity and then Lease Option it back to the Seller who was going to lose it to Foreclosure anyway? Wouldn't this be a Win,Win,Win situation? The Wholesaler would get their finders fee, tha Seller would get out of a bad situation,and the Investor would have an instant tenant that would appreciate the property. Just something that popped into my head, is this a possibilty or no. Would like to know. Thank's D.G. Family. The Old Man Johnny
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NO, plain and simple. Why would you lease it to some one that was not making the payments in the first place? There is also some question as to them being able to exercise the option. Lenders usually won't finance a person on the same property they were facing foreclosure on. Nothing but trouble. I would find a new, qualified buyer and do the deal.
Just my opinion.
Michael Mangham
Mentoring/Team Building Nationwide
MD Home Acquisitions LLC
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
I TOTALLY agree with Michael!
Karen
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