I currently rent the first floor of a 2 family home. I’m wondering if there is anyway I can use this property to get started in re investing?
My lease is up this month so would it be a good idea to speak with the owner about doing a lease option? Maybe try to get him to sign me up for a 2 year lease with option to buy. He’s owned the property for about 13 years now. He lived in the first floor the first 5 years he owned it.
If he was interested and the price I get works out, I would just live in it until I found a buyer, then sell my option to the new buyer. Would I stay in it or have to move?
Any other ideas on doing something like this?