What is the difference between someone with excellent credit and horrible credit? About 6 months!
People who work at a good job and have good credit and income enough to buy houses like this also work with others at the same place of ermployment who have bad credit (you can often get bad credit through no fault of your own).
Put a spin on the monthly rent payment. Forget about market rents. Just tell the T/B that you need a rent amount comparable to what they would have to pay for a mortgage in 12 months.
[addsig]
I deal only in higher priced homes and the L/O works great. They typically appreciate faster than smaller homes and only about 30% end up executing the option. This is what we want as investors because we can they L/O them again at a much higher price. The more times we can roll a L/O the more money we make.
Yes it is possible, but it must be clearly spelled out in the agreement.
What is the difference between someone with excellent credit and horrible credit? About 6 months!
People who work at a good job and have good credit and income enough to buy houses like this also work with others at the same place of ermployment who have bad credit (you can often get bad credit through no fault of your own).
Put a spin on the monthly rent payment. Forget about market rents. Just tell the T/B that you need a rent amount comparable to what they would have to pay for a mortgage in 12 months.
[addsig]
I deal only in higher priced homes and the L/O works great. They typically appreciate faster than smaller homes and only about 30% end up executing the option. This is what we want as investors because we can they L/O them again at a much higher price. The more times we can roll a L/O the more money we make.