When I listed a former Orkin Pest Control building for sale on the south side of Atlanta, Georgia, I was surprised at the high level of demand from churches. A majority of the calls were from ministers looking to start a church. They were looking for a lease or lease option. None of them had…
While options aren’t totally uncommon in something like a commercial real estate development, straight options are rare on houses. They usually involve a tenant having the option to buy a house within some term such as 3 years. Most residential landlords would never give a straight option to another investor to buy the house at some…