Need Some Advice
Here's the deal,
Woman is selling her house to move back north. Value 155,000, asking 149,000. Has 80,000 mtg with 600 per month pmts. I'd like to offer a lease option or an option but the house has been on the market for almost a month she has gotten someone to rent it but has not moved in yet. I don't yet know what rent she is charging renter. But my question is how can I structure a lease option without being able to get my own renter. Would this be better done with seller financing or a plain option?
Any help would be most appreciated as I am meeting with her this evening.
Thanks
Can anyone help me out here.
I'm thinking of offering her a l/o if the tenant is agrees to buy in the future. If not I'll probably go with just a straight option. What do you think. Any suggestions as to how to approach this would be appreciated.
Thanks :-?