Hi all!
I have a few questions regarding a real estate strategy that I read about from a US website - I'm after any info that anyone can give me in regards to it's applicability here in Australia.
The basic idea is to lease a property under a lease-option agreement, then sub-let/lease to a third party for a higher weekly rent than what the property is costing the lease option holder. Is doing something along these lines in Australia legal?
My general aim in doing it would be to generate cash, rather than going down the traditional real estate investment routes.
Does anyone out there have any thoughts about this?
Cheers,
Libby
I have a few questions regarding a real estate strategy that I read about from a US website - I'm after any info that anyone can give me in regards to it's applicability here in Australia.
The basic idea is to lease a property under a lease-option agreement, then sub-let/lease to a third party for a higher weekly rent than what the property is costing the lease option holder. Is doing something along these lines in Australia legal?
My general aim in doing it would be to generate cash, rather than going down the traditional real estate investment routes.
Does anyone out there have any thoughts about this?
Cheers,
Libby