Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

297
Posts
26
Votes
Roc P.
  • Philly Area, PA
26
Votes |
297
Posts

Lease\option vs Sub2 then selling property

Roc P.
  • Philly Area, PA
Posted

Hello everyone, I've been researching the site about the lease options and sub2 deals, and I'm little confused since this is not my forte. 

I have a prospective lead, a house with no equity, I want to tie it up and then resell for a profit within 2 years. 

Any suggestions on how to do this legally in PA. I was thinking lease option or taking over the payments and trying to resell the property. 

Let me know what you think, I know I'm short on details, but I'm working on getting everything from the seller as we speak.

I'm just trying to feel out if this something worth while or should I pass. Thanks Roc

Most Popular Reply

User Stats

123
Posts
123
Votes
Matt Skinner
  • Developer
  • Los Angeles, CA
123
Votes |
123
Posts
Matt Skinner
  • Developer
  • Los Angeles, CA
Replied

Most states that are worth investing in are appreciating right now so it would serve most smart investors to tie up properties (with or without equity) for as little money as possible and hold for appreciation - specifically if the rent will service the debt.

I'm not sure what "anti-guru" means but I will say that investing in my education has resulted in the best ROI over any other investment I have ever made.

And I would never have thought that offering someone thousands of dollars worth of legal documents (when that is what he asked for) for free would ever be misconstrued as an "under the radar" solicitation.  

I thought we were here to help each other.

Thanks for the comments @Bill G.

Next time use red ink when you grade my paper - it makes it easier to learn from.

Stay frosty.

Loading replies...