I don’t understand how you think this will work between you and the buyer? How do you setup financing on something you don’t own? The point of using an option is to assign it to the end buyer and have the end buyer buy from the seller with you getting paid at closing. With that in mind think about how you could possibly get in the middle and offer financing?
Okay, I understand.
Okay, I have another question
When you get a seller to agree to an Option to Purchase for a negotiated price, can the seller sell the house to an end buyer, without that buyer
buying me out of my option I have with the seller?
If you want to protect your option and not have to worry about the seller selling to someone else, have your lease purchase option recorded and get a memorandom of option recorded as well. If you want to go one step further, have all the final papers escrowed until your closing date.