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Real Estate

Master Lease with Option (Control Without Owning)

Lease an entire apartment building from a burned-out owner + sub-lease units + option to buy in 3–5 years.

Overview

Master lease agreement: tenant (investor) leases the ENTIRE property from owner at fixed monthly rent, then sub-leases units at market. Investor keeps the spread. Add a Purchase Option (2–5 years) at today's price. No down payment, no bank, no title change — until the option is exercised. Perfect for tired landlords wanting stable income + eventual exit, and investors wanting cash flow + upside without financing. Legal in all 50 states; some anti-flip regs on FHA/VA post-purchase.

Best fit
Investors without down paymentTired-landlord acquisitionsCash-flow-first strategies
Estimated impact
100% financing + locked purchase price appreciation

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