Rent to own question

[Micah Bolch]

I have a buyer on the hook that's willing to do a rent to own. The home needs a lot of work and I plan on fixing it up. My goal was to secure the property then place a tenant in it for 2 years after fixing the foundation. Is it legal or possible to re sell the property via "subject to" to an end buyer after that 2 years is up?

What would I need the LTV to be?

75% minus repairs?

80% minus repairs?

Thanks for your help.

[Joe Villeneuve]

If you are the buyer/tenant on a potential Lease Option deal, you NEVER, EVER, want to do any rehab on the property.  Why in the world would you do any rehab, at your cost, on a property that you don't own...and may never own?