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Updated over 9 years ago,

User Stats

26
Posts
8
Votes
Gerrit Stukkie
  • Ann Arbor, MI
8
Votes |
26
Posts

Lease Option to Flip?

Gerrit Stukkie
  • Ann Arbor, MI
Posted

Has anyone ever used a Lease/Option to control a property, with the intent to flip it? How did that look?

My current situation, there are some houses in my neighborhood that I'm certain would need little work (I haven't been in them, but they are circa 2000 and cookie cutter like mine).

There is the potential, assuming a low enough offer is accepted to make $30k+ (hopefully closer to 50k), and if needed to be rented, would cashflow.

The downside that I think I see is that we are going into the winter months, and it is mostly a live-in homeowner type of neighborhood, so there could be a couple months of hold before it gets flipped/rented.

Thanks in advance!

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