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Old 03-29-2008, 08:43 PM
monika786
 
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Default Lease purchase with investor

We are relocating and prefer to lease before we commit to a home. We found a home that is in a good area and available for lease with an option to buy. The monthly lease price is great and the deposit is less than others we have looked at. I asked the lady showing us around how is it possible for people to buy homes and lease for so little? She explained that these investors have more money than God and buy homes for tax purposes at a discounted rate and lease them or sell at the market rate. So, she said, it is not that these investors are angels and just trying to help people, but they sell it in a year or two and make money on it. Could someone tell me if this is a bad thing to get into as someone looking to lease then possibly buy the same property?

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