Flips vs. Lease Options - Posted by Double A

Posted by SCook85 on July 15, 2002 at 12:50:00:

Well first off, education is the key. Both methods will work great for you if you do your due diligence and get involved with a good deal.

Where people get hurt in the beginning is by getting involved with a bad deal.

With that being said, wholesaling requires no money at all if you do a good deal. L/O should require no money if you do it right, but you remain in the deal and it can cost you later if not today.

Happy Investing,

Steve

Flips vs. Lease Options - Posted by Double A

Posted by Double A on July 15, 2002 at 09:46:31:

I’ve gone to several CRE investor meetings, read posts and bought a few courses. I would like to know, which is best way to start? Flips or Lease Options? People have said no-no, if you do a L/O, you’ll be stuck with the payments if your T/B flakes off or you can’t get a T/B. On the other hand, if you miscaculated how much it costs to get a house up to par with a rehab, you’re stuck. Can anyone out there list the pros and cons of Flips and Lease Options?