Offlinehey dg family tomorrow we are doing a lease option deal...we hope. The seller is wanting us to find him a buyer who is willing to pay 700-750 a month and have a deposit. We called some of our tenant buyers and have about 2 that are serious about buying the home. The tenant buyers are willing to put down up to 4000 down and pay a little more than the average rent near by. We are planning to do a sandwhich lease or maybe just a lease option fee? my question is what contracts should i use and what questions and such should i disclose to both seller and buyer? Thanks in advanced
yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the "present."
"Be not afraid of growing slowly; be afraid only of standing still"
any ideas on what to do?
yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the "present."
"Be not afraid of growing slowly; be afraid only of standing still"
I would talk to karen she knows alot about that stuff : ) that Or maybe Jay : )
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Shirley
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Have you done a deal like this before? I'm trying to educate myself about lease options myself. Maybe this bump will help you. Anyway, what other similar deals have you done so far? Maybe you could borrow some of your knowledge from those deals, not sure.
Marc
New REI in SWFL!
Do you still have the contracts I faxed you on the last one?
You know you can still call me anytime you need to. You have my number.
Karen
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Ya Karen I still do have the contacts. Thanks again. I will call u soon, the seller is now asking.if.we.are licensed and if we "pre screen" our buyers using referrals or credit checks? Not sure What to do now?
yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the "present."
"Be not afraid of growing slowly; be afraid only of standing still"
So I called the tenant buyers and they're told ne that they are going to drive by the property and then they will let me know if they are still interested. I'm suppose to call them tomorrow morning so.hopefully they like it.(:
yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the "present."
"Be not afraid of growing slowly; be afraid only of standing still"