A leaseback, sometimes known as a sale/leaseback or sale and leaseback, is a transaction wherein the owner of a property sells that property and then leases it back from the buyer. The purpose of the leaseback is to free up the original owner's capital/equity while allowing the previous owner to use the property. The type of property involved can be anything from residential or commercial real estate to equipment or vehicles. We specialize in residential properties.
Benefits of Lease Buy Back
A leaseback can be beneficial for the buyer and seller alike. The lease amount provides periodic income and may even be enough to pay the buyer's mortgage, if he or she borrowed money to obtain the property. A seller/lessee in a lease buyback obtains the immediate cash from any equity in their home AND retains the ability to remain in their home!
Lease buy backs are useful to:
- Any homeowner that needs immediate cash.
- Avoid foreclosure.
- For retirees who want to use the equity built up in their home and stay in their home, click here.