Lease With Option To Buy In CA.
Im doing a short sale, but homeowner wants to rent/lease back. My investor (paying cash) is ok with this. My agreement with investor is 50/50 split on the spread (short sale). So...if the spread is $40K
a. how do i structure this - do i ask him for the 50% of spread? is that fair?
Your opinion is greatly appreciated.
a. how do i structure this - do i ask him for the 50% of spread? is that fair?
Your opinion is greatly appreciated.
Comments(0)
How do you know the spread since it is not being sold now? If you want your money now and price goes up than will you expect a higher spread split...if it goes down will the investor expect you to give $$ back? I assume teh spread is computed AFTER RE commissions right? What have you and the investor discussed on this?
My bad. The spread im referring to is the profit if we were to flip the house.
thanks, John.