L/O - Can I Sell?
If I go under a L/O from a homeowner - can I sell the property while I'm leasing it from the owner? And does the purchase price under the L/O still stand if I find someone to buy? Or do I have to purchase it and then sell it?
nmcurse,
If I go under a L/O from a homeowner - can I sell the property while I'm leasing it from the owner? And does the purchase price under the L/O still stand if I find someone to buy? Or do I have to purchase it and then sell it?
"If I go under a L/O from a homeowner - can I sell the property while I'm leasing it from the owner?"
YES...
"And does the purchase price under the L/O still stand if I find someone to buy? "
YES...but YOU can increase YOUR selling price...
" Or do I have to purchase it and then sell it?"
NO!...I always do L/O...and if the lessees sells THEIR interest ...there is one closing and ...the difference between what they owe me and what they sell the property for is THEIR PROFIT..
....as always,
GoodInvesting, Rocky
Don't the seller or buyer, or both, ever express remorse, regret, or anger and try to get around you to cut you out?
tjmarta,
WELL.....
..........NO!
...or it's never happened ....YET!
LUCKY...I guess?
....as always,
GoodInvesting, Rocky
Make sure the L/O does not preclude the right to assign rights