Advice Or Help With Leaseoption
How would this work?If i get a property on lease option for 12 months at 300 a month and 28k ****Must Reach Senior Investor status before posting URL's***ds about 8 to 10k work.After i do the work and have found a buyer how would the deal close.Would i sign a pershase agreement with new buyer for after repair value and when they close it pays my option and difference go's to me.ARV is about 60k.How should i do this deal. Thanks for any help.
allandinger,
I would rather get the L/O for 2 years...to be on the safe side...
I would get a lawyer to draw up the L/O for you stating exactly your plan for L/O,rehab. and selling your REI....
Therefore....TheSeller~YOU~and Your buyer knows how your plan is structured.
....as always,
GoodInvesting, Rocky