I talked for quite a well with a guy who is doing WRAPS up here in the Great White North! er Canada.

The way he structures his deal is the “buyers” are treated legally as tenants and they have a completion day. That is they have to take him out of the property. The reason he structures it this way is doing arbitrage on the underlying first…[Read more]

Steve,

With a lease option your right the tenant get the option to buy. The tenant has to come up with the rest of the downpayment plus the financing to cash you out of the property.

In a WRAP there is a sale agreement but title and therefore ownership do not transfer till the tenant/buyer pays out the unpaid balance or the agreement…[Read more]

Lucifer_au

Thanks for the reply.

James