Lease Option Ad
Hello everyone,
Just closed on a property this month..its located in a not so great area where people have difficulty getting approved for a traditional loan so i wanted to sell using a LO. Here are details, i was hoping some of you can help me with the ad i put in the paper along with the monthly payment, upfront consideration, etc..ive never done a lease option.
Purchase price: 184,500
Loan amount: 138,375 (850 payment)
Taxes: 2100
Insurance: 1100
Comps are approximately 215-230K..so lowballing it would be 215.
Please let me know if more info is needed. Thanks
[ Edited by Sham718 on Date 03/15/2006 ]
Great info guys so far thanks..will keep you guys updated of any status changes..
Hello my name is Risha, how did the Inverse Purchase work out for you? I am thinking about buying the program myself, was it worth it for you?