General Real Estate Investing
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 over 11 years ago on . Most recent reply

the NC due diligence fee?
I had a good professional friend tell me if I wanted to lease option my house, it would be a good idea to collect a due diligence fee and take the house off the market for a year and just lease the property to the tenant. Anytime durning the lease period the tenant has the opportunity to buy the house at our agreed price. No need for an option fee and if the tenant moves out or violates the standard lease agreement I may lease to someone else, but I cannot sell the property until the due diligence periond expires. Tell what you think?