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Updated about 7 years ago, 11/16/2017

User Stats

38
Posts
14
Votes
Brandon Metzler
  • Investor
  • Brandon, MS
14
Votes |
38
Posts

Lease Purchase agreement

Brandon Metzler
  • Investor
  • Brandon, MS
Posted

I'm new to the site so any and all information or direction is greatly appreciated. I've wanted to get into real estate for quite some time now and I think I have the perfect start, but I don't know where to go from here. I currently live in a house that I have a lease purchase agreement on. The purchase price is for about $50k less than market value. So instead of purchasing it myself, I think I would just rather sell it, cash in the equity difference, learn some stuff from the deal, and do more deals. But where do I go from here? Is there certain verbiage that needs to be in the agreement? Should I find a buyer myself or let a realtor bring me a buyer?

Thanks in advance for any help and advice!

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