how do I structure a deal sub2 w/out

General Real Estate Investing
1

If I take control of a home sub2 orig. mtg. how do I then lease/option it out w/out being
liable to the TB for equitable interest?

I want to rent the house to a TB w/ charge them an option fee to move in. I’m thiking about setting the option for 24 months…that’s about as long as the current owner is willing to go w/out cashing out of the deal. I just dont want to get someone in the property and run the risk of having to forclose on them as opposed to just a standard eviction?

has anybody got any insight or direction they can offer on this for me?

thanks!

2

When I do my rent to own’s (lease options) I sign two agreements. One is for the rent. The other is for the option to purchase. Two seperate agreements so I avoid the equitable interest situation.

Nate-WI