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Updated over 4 years ago,

User Stats

20
Posts
6
Votes
Amily Yi-Chieh Tseng
  • Chicago, IL
6
Votes |
20
Posts

Lease to Own/ Lease Option Questions

Amily Yi-Chieh Tseng
  • Chicago, IL
Posted

Hi BPs! 

For a "Lease to Own" deal, if the buyer decides to purchase the property, can the buyer "refinance" to purchase the deal?  Or is it considered a regular loan and DP is required?  Technically, the house is not under the buyer's name so it shouldn't be a refinance situation, am I correct?

We're hoping to put a deal together using either "Seller Financing" or "Lease to Own".  The property needs rehab ($50-70K), so we're trying to figure out if not using cash-out refi, how can we repay the rehab loan.  

Thank you!

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