Legal Question in Real Estate Law in Georgia

Is it legal in the State of Georgia, to lease/purchase a home from a home seller: woth no intention of occupying the home, only to use it as an investment property, and assign the property to another tenant ( who is actually interested in purchasing the property, but lacks to ability to get financing right now; but in 12 months could very likely get qualified )under a seperate lease/purchase contract as an investment technique? As long as you disclose this info to the owner of the property?


Asked on 3/20/11, 5:03 pm

1 Answer from Attorneys
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

If the written paperwork allows all this, yes. If the written paperwork does not allow this, no. Get a good real estate lawyer before even thinking of this, and bear in mind that it may open you up to catastrophic financial results when it all falls apart. It's probably safer to invest in lotto tickets than a scheme like this.

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Answered on 3/20/11, 5:11 pm


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