Help structuring first L/H transaction

Working with a very motivated Seller on my first L/H Deal.

The Seller does not own the home. She has a lease with an option to buy. She claims to owe about 32K on the home.

If I decide to buy this property, the Seller will need significant funds from me to exercise her option so she can transfer title to me.

I am not sure how structure this transaction so that it is safe and legal. How do I safely give her money to close with him so she can close with me? I’ve done Lonnie’s, but the only real estate I’ve ever bought was my personal residence via a buyers agent. Real estate is new territory for me!

Any advice or direction to resources that would help me out would be greatly appreciated!

Thanks in advance,

Andy (NC)


Why don’t you call me and we can talk about specifics. You may be able to purchase her option. I have a bank who might be able to help.