Flipping a property controlled via lease option

[Boris Baeta]

I have a property that I can acquire via lease option for $115k wIth $10k down from a tIred out of state landlord. The ARV is about $155. The rehab is cosmetic and should only run about $5k. The question is what is the best way to maximize my profit? If it is a lease option can I resell it for the ARV and keep the difference?

[J Scott]

If the goal is to maximize profit, you can probably acquire it cheaper by purchasing it outright instead of using a lease option.  The seller is likely to give a bigger discount for an outright sale.