Guides
Learn how model home leasebacks actually work.
Straightforward explanations for investors evaluating their first model leaseback and for builders considering a program. No hype, no guarantees — just how the structure works and where the risk sits.
What is a model home leaseback?
The structure explained end to end: who the parties are, how the lease is written, and what actually transfers at closing.
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How to underwrite model home leaseback returns
Cap rate, cash-on-cash, DSCR, appraisal gaps, and residual value — the numbers that decide whether a model leaseback pencils.
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Why homebuilders use model home leasebacks
Capital recycling, balance sheet treatment, and keeping the sales office open — the builder's side of the trade.
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Model home leaseback vs. traditional rental property
Tenant quality, management load, financing, exit options, and risk compared side by side.
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