Tag Archives: land lease

What is a land lease option?

I am intrested in investing in some real estate and a broker who attends investment meetings and works for a morgage company took me to look at a condo which is for sale for ,000 appraised at but it is a land lease option and ,000 has to be paid upfront to purchase the condo, and later if I wanted to sell I would only be able to sell for cash? Can anybody advise as to what problems may arise here. The Condo is nice inside but buildng is ugly not great neibourhood.

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