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Updated over 6 years ago,
Lease Options to CashFlow
I have a opportunity to acquire (5) properties thru a "15 year lease option". Now here is the break down
lease #1 $1600 : 2 properties 1 is a duplex that will pay the lease. the other is a SFH needs cosmetic work but will cash flow $800-$900 when down
lease # 2 $1000: sfh
lease #3 $1000 : sfh
lease #4 $1000 : sfh
total investment : $4600.00
if /when I buy all the leases I will cash flow $1538.00 per month. after paying the owner his money.
I'm just starting out so I have no capital. I'm working. so I figured I should buy 1 at a time. bc I can't get a small loan or borrow the cash to buy the leases.
what does BP Say?