Updated almost 11 years ago on . Most recent reply
Selling a Multi-family on a rent to own basis
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