LEASE OPTIONS

[Jay Walcott]

Hi everybody, im new to real estate investing, but always had a mind for it.  Im looking into lease option deals, as far as collecting for assignments at first, then getting into the mix.  I was wondering if, a wholesaler had a property let's just say, and i wanted to lease option it, and find the end buyer and assign them the contract, how would this process work?   Because I feel like working with wholesalers are a lot easier to talk with than the seller, even though you would still need to speak with the real owner.  Where would the wholesaler get paid if the lease option was offered?  How do you structure the deal with a wholesaler?

[Jay Walcott]

@Jeremy Pace I see what you're saying.  Because as a wholesaler, your obligations with that contract is to basically move the house within a time frame that is bounded with the contract.  And wholesaling a wholesalers wholesale ( play on words ) means that option in reality is out the window because somebody has to buy the house, and you're wholesaling for the assignment fee to a buyer.  Not to say it's not possible, but more work if you decided to lease option from a wholesaler.  I think i'm starting to get it.  I only say this because I have a tenant buyers list with the money for the down payments, and I figured that a lease option would've made the most sense to do.  Pending on how much they would spend for the down payment is how I would find the deals for them.  Meaning contacting the seller and seeing if terms could be met.