Hello to all,
I want to do lease options, both sandwich and co-op or wholesale leasing. I understand the concepts of both and the forms that are needed for the sandwich lease. I aunderstand that a lease-option form( one form) should be used between the seller and myself and 2 separate forms( a lease and an option) should be used between myself and the tenant/buyer. On the co-op lease, is it the same or do I use 2 separate forms with the seller, also. When I assign the deal to the tenant/buyer, am I assigning just the option and making a new lease or am I assigning both the option and the lease? Also, where is the best place to locate the forms? I am ready to move on this, but a little fuzzy on the forms. Thanks much for any help.
Rick :banghead
Have you been in contact with Michael Carbonare over at The Naked Investor? He’s in Florida and probably the best source of info for all things about lease options.
Todd Toback is a great source, too. He’s out of Southern California.