Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
is Lease-To-Own a good idea?
My new built construction has been on market for over 50 days since it has been completed. It was on the lower end of price range in the subdivision. Now I just dropped the price $2000. The construction loan is eating up my profit. My plan is that if I still cannot sell it by the end of this month, I might offer buyer a Lease-to-own option. That way I will have cash flow right away, and will release some stress off. I just don't know if this is a good idea to do on a new construction, in a new subdivision? it's comes with tax benefit. thanks ahead all for your input.