Assistant Please
I have a seller who has a barbershop and small home who wants to sell together for $75,000.00 and lives out of state. Two blocks up the properties appraise for $125,000-150,000. Where he has these properties they appraise for $25,000.00-$39,000.00. I haven't made an offer yet, but what I was thinking was to lease option to me for 3-4 years and at the end of 4 years pay the lump sum of whatever we agree. Find a tenant-buyer to lease option for 2 years, put up some option money and rent it for $100-200.00 above what we agreed on. My question is how do you credit the buyer if he decides to buy the property out of the monthly payments. ANy advise on how to do this deal or if it is a deal. Thanks Easygoing
go to my profile below ...e-mail all details including current market rents..I'll walk yopu through it