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Leasing back to seller - http://www.dealmakerscafe.com Forums

Original message

TJack

"Leasing back to seller" , Wed 31 Jan 16:43

Anyone do this often? Under what circumstances would you consider this and how do you protect yourself in case the seller/tenant claimed it was a sale and not a lease.

TJack

Replies:

Dealmaker
Moderator

"Re(1):Leasing back to seller" , Wed 31 Jan 19:45

Same page as Lynn. I haven't and will not lease back.

Dealmaker

Lynn
Moderator

"Re(1):Leasing back to seller" , Wed 31 Jan 17:43:

I protect myself by NOT DOING IT!

I have had many people who wanted to do something like this but I have never really been tempted. I figure if they didn't pay their mortgage, why would they pay me?

I don't know the specifics, but I understand that the difference in prices can be viewed as a loan somehow and you may get nailed for usury on the "calculated" interest rate. Like I said, I don't know the details!

Lynn

Knowledge is important but all the knowledge in the world is worthless without action! How many offers did "you" make today?

[this message was edited by lynn on Wed 31 Jan 17:45]