Buyer gives me their house

I found a lease purchase buyer for my second property I picked up this year. I'll collect $5,000.00 down payment, $650.00 pro-rated rent for this month. I'll collect $1,300.00 for next months payment. All of this is cash in the bank since I did not use any money to pick up this property. My first payment is not until May. So $6,950.00 in my pocket before I have to pay out a dime. That is not the best part. My buyer is also giving me their house via a lease purchase. I am not paying them any money down. I'll be able to collect a down payment once I find a lease purchase buyer for their home. I will also collect positive cash flow for the next 5 years. Why can't the recession last another 10 years?

How did you set up a deal

jasuia's picture

How did you set up a deal like this?? I mean this is thinking outside the box any advice you can offer would be great

Thanks in advance