I just met with an attorney to review my contracts for the seller side and the tenant/buyer side of a sandwich lease option. While he had plenty of detailed insight to improving the wording in these contracts his opinion on the legality of this type of REI was that it was a “scheme”
Can anyone (familiar with NC law) tell me how they make these deals work? How can you sell a property that you don’t “own” without having to come out of pocket for the entire sale amount to the seller? And how do you avoid the need to “season” the deed to avoid anti-flipping laws?