L/O On A Duplex?
I found a duplex that is about 20% under market value. The property has been on the market for 9 months and the seller just moved to another state. I am new to L/O any suggestions on the strategy I should use? :-?
RENT TO OWN
3/2 Newly remodeled
Prime Location
$---- per month
(555) 555-5555
I use different cell phone # with recorded message, and return their call if they leave info.
oops
I meant 3/1
NO QUALIFYING! No
Credit Check! 1025 sf
3/1 555-5555 lv msg
_________________
"A deal is only as good as the quality of your Contracts." --Me[ Edited by LeaseOptionKing on Date 03/03/2005 ]
The ad I am using:
Lease Purchase
Sprinfield, 3/1, Newly Remodeled,
Great Schools, $103,900. 555-5555
JB
[addsig]
Is there any point to pursuing Purchase options here in SD, with plan to assign it at the time of sale?
Anyone had any experience with this? Or purchase options at all in San Diego or south CA, perhaps?
If a market is hot, you will have a hrad time convincing seller to accept a lease option.
What I do is offer a 1 yr lease option for current appraised price & immediate occupancy. I then calculate how much home will appreciate after 1 yr & sell for that price to T/B.
rementor76