Doing my first lease deal here. I’m looking to flip it to an investor. Break down goes as follows. Putting house under contract for 160k and looking to flip to investor @ 175k. Home appraised for 260 last month and looking for the buy back price @ 210-220k. Only stip is that the house gets leased back to the daughter so she can buy it next year @ the strike price. I’ll be working on restoring the daughters credit, so she can obtain a mortgage next year. My question is, should I go on the hud and under what format? Or should I just asked to be paid up front? Thanks in advance for all responses.
If I understand correctly you have a contract for $160K and you want to sell to an investor for $175K. You can assign it for $15K, but that is a pretty big assignment fee and unless its just an awesome deal it will be hard to get an investor to pay it. You could try a double close which may work better.
Now having the stipulation of having the daughter lease-option it back from the investor will probably make it harder to find an investor to do the deal.