I live in Orlando, FL. I just negotiated a lease option for my wife and I and it was easier than I ever thought that it would be. I thought to myself that I could possibly use this to break into investing. I was wondering if anyone here has had success with lease option investing in FL. The market in FL is a little shakey right now so I don’t want to jump into something that isn’t going to work.
I’m in FL, and lease options are great just for the reason you are talking about. If you do them correctly, they are just about risk free. And within lease options, you have several approaches you can take: sandwich lease, straight assignments, cooperative assignments, and pure options.
Don’t let the market scare you. It’s a great time to be an investor. . .if you know what you are doing.
My lease option business is booming in Florida. The reasons are simple. People who own homes can’t sell them and people who want to buy homes can’t get mortgages without big down payments and great credit.
There was never a better scenario for lease options. You can speak to almost any seller and they are willing to sell with a lease option.