There is a house for sale. The comps are $400,000. The owner owes $263,000 her payments are $1780.00. What should i do with it?
why not do both.
Put the home under contract with a lease option if you think you can find buyers. Then sell the home for whatever your buyers are willing to pay so long as it’s more than your option price.
Lease options are a great way to avoid doing double closings, and they are extremely safe for assuring your assignment fee.