Surely, This Is A RE Dinosaur, Right?

Def not in the Bay Area…

Lease option is popular in the midwest. It’s mostly just a scam to charge higher rent to people that are optimistic their financial situation will improve enough to qualify for a mortgage. You also get to collect an option fee upfront. You can make a lot of money from it, but I really don’t think it’s ethical. I wouldn’t personally do it.

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