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Updated over 6 years ago,

User Stats

581
Posts
32
Votes
Tony Marcelle
  • Bessemer, AL
32
Votes |
581
Posts

My lawyer advised against lease options

Tony Marcelle
  • Bessemer, AL
Posted

He said it is not so much about it being legal to do in my state but more about what is written in the agreement that allows me to sublease to another tenant buyer in a sandwich lease option transaction. He said it is risky and should not be done. I was advised not to do subject-to either. That is two down, so what other investing options are there besides just wholesaling properties? I was looking for other ways to make money in real estate besides wholesaling. My lawyers have advised against the very things other investors are doing successfully. I thought it was worth a shot but now I have to rethink doing it after talking to my lawyer.

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