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.
Dallas Real Estate Forum
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 5 years ago on . Most recent reply

User Stats

537
Posts
228
Votes
Neil Aggarwal
  • Lender
  • Richardson, TX
228
Votes |
537
Posts

Investor offering lease purchase, is this a scam?

Neil Aggarwal
  • Lender
  • Richardson, TX
Posted

I have a house available for rent.

I got a call from an investor that says he has a buyers pool and they can buy the house from me on a lease purchase. The buyer will pay my full asking price, I collect rent for 12 months and then the buyer closes on the house with their own financing so I get paid in full.

This seems too easy so it has to be a scam.

Can someone explain what they are doing?

Most Popular Reply

User Stats

9,934
Posts
10,788
Votes
Chris Mason
  • Lender
  • California
10,788
Votes |
9,934
Posts
Chris Mason
  • Lender
  • California
ModeratorReplied

Pure speculation to follow. 

I bet he's collecting an upfront nonrefundable option fee or something from the tenant ("buyer"), I bet the tenant doesn't qualify for a mortgage, and I bet that they still won't qualify in a year.

  • Chris Mason
  • Loading replies...