Selling a Multi-family on a rent to own basis

Selling a Multi-family on a rent to own basis

Real Estate Agent · Fitchburg, MA · Member since 2014 · 83 posts · 25 votes

Hi everyone.

    Hypothetical situation. Let's say I acquired a three family property using a 6 year lease option. Now let's say I use another lease option to sublet it to a person who is interested in buying it down the line. How would that work? I assume the person I sublet to won't be moving into the property considering it is a three family? Would they also sublet? Wouldn't that be like a sandwich-sandwich lease?

    Sorry, I am still confused as to how selling a multi-family on a rent-to-own basis would work or if it is really possible. I don't know what type of person the end user would be, or whether this is even a possibility?

    Mike

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  • Investor · Sherman Oaks, CA · Member since 2008 · 6k+ posts · 3k+ votes
    11y

    @Michael King 

    Master Lease and Sandwich Lease

    Same thing ok?  With or with an option.  or a ROFR.

    Now find a real estate attorney that works with multi family.

    Understand Dodd Frank with owner financing.

    On my bog there is a video on sandwiches. http://www.biggerpockets.com/blogs/3-reiskills-and...

  • Real Estate Agent · Fitchburg, MA · Member since 2014 · 83 posts · 25 votes
    11y

    Okay, so it sounds like I am trying to make it more complicated than it is (Obviously all the technicalities are complicated, but the general idea is basic). Any ideas on how to go about finding good real estate attorneys who specialize in specific niches?

        Thanks again,

                                Mike

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