Newbie To The Lease With Option To Buy...
I am new to the investment idea, but wanted to see if i could get some help....i bought a bank sale back in october for around 93500 and at the time it appraised for around $117,000....Now that i am interested in selling i did a few comps from a website to see what the other houses in my community are selling for...im pretty sure i can sell my house for around $125000-$135000 now...am i better off trying to find a lease to buy option or just flipping the house? If i went the lease to buy option how much would i ask down? is there usually a percent that you should ask for? Also, would my profits from the lease to own be the down paymentf from the leasee/buyer + the rent minus the mortgage+ the difference for i would agree to sell the house for minus what i bought it for? i live in columbia, sc and rooms are being rented for around 300-400 dollars a bedroom mostly because the university...my mortgage is around 600 dollars a month and i have a 4 bedroom house....Any suggestions would be greatly appreciated!
Els0528
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