20k Per Deal...looks Like 14k Per Deal To Me
This is the basic sub to that is posted on here:
6k as dp
4k by way of adding points
10k at closing from appreciation
Nobody ever seems to talk about the fact that your profit is really only 14k because the dp is part of the loan. Is this correct?...i've never seen posts on this issue.
Wes
Wes,
Altho your question was very brief, after reading it several times I finally figured out what position you were speaking from and what you were asking.
The basis of the $20k profit is valid. If you purchased the property for $80k, and the lease option is for $100k - no matter what you get for down payment or for profit at closing, your profit is still $20k
Greg
Cash put me on the correct path for this one.
You are suposed to keep the down and not count it towards the total sale price.
Taken out of context: "The risk that we go through (ver little but our sellers and buyers do not know the sub2 way) is what makes the home more expensive. Besides, who else would give these people that we sell to the opportunity to buy a home?"