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Updated about 10 years ago on . Most recent reply

User Stats

83
Posts
25
Votes
Michael King
  • Real Estate Agent
  • Fitchburg, MA
25
Votes |
83
Posts

Selling a Multi-family on a rent to own basis

Michael King
  • Real Estate Agent
  • Fitchburg, MA
Posted

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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