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lhenley

Vacant Lot - Lease Option or "Tote the Note"?

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I have an option on a vacant, residential lot. I have a private lender who will put up the money, so I can purchase the lot in my name. Because of the private money, I'd need to resale it within the next 1-2 years.

 

Because of my purchase price, and the terms with my lender, I can resale with Owner Financing. In order to make it less of a headache IF I have to take the property back, could I Lease Purchase the property until the T/B can pay off the loan?

 

Has anyone ever Leased Purchased vacant land to a T/B? Is it even possible to do? Would it be best to just sell with an Agreement For Deed?

 

 

Thanks,

 

Lynn (FL)

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Lynn, I have not purchased or lease purchased a vacant lot. But I don't see why it isn't possible if the parties involved are in agreement.

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