Lease to Own?

[Brandon Cooper]

I am throwing around the idea of doing some MH investing. A quick question:

1. Can't rent out in local MH park, so can I lease to own?

What I have in mind is buying a MH for $2000 (Est) turn around and sell it to someone with monthly payments. At the end of a term they would own the MH outright.

[Jim Johnson]

that is not a lease option, that is a financed sale in the eyes of the regulatory agency's. A lease option would have the buyer rent the home for a certain number of years, and then purchase the home at the end of the term for something that would be considered a fair price. If the amount owed on the home is reduced at all with the monthly payments, it is a disguised financed sale.