Can a person place a $1000 down 2 year lease option on a property and then collect a down payment from another individual for the same property and lease option it to them?I know all state laws are different but Im thinking this is not up to par because your offering an option to purchase a property you dont technically own.
Of course you can it’s called a Sandwich Lease/Option. As long as you have the right to buy you can sell that same right.