Sub2 Deal for Lease Option

General Real Estate Investing
1

Hi,

I’m wondering if getting a Sub2 deal and then lease optioning out the property to an end T/B a good strategy for a newbie with little money and no credit?

Wouldn’t the investor still be “on the hook” if the T/B stopped paying or damaged the property?

Thanks,
Pete

2

If you’re new and have neither cash nor credit, then you shouldn’t be looking at Sub To deals. You need reserve cash for that in the event something goes wrong, such as a vacancy, unable to find a buyer, maintenance and repairs, etc.
You’re better off using lease options to control the property without the risk.