Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

14
Posts
1
Votes
Jim Huber
  • Jacksonville, FL
1
Votes |
14
Posts

Lease Option Question

Jim Huber
  • Jacksonville, FL
Posted

I have a Tenant who has a Lease Option to buy and a Rental agreement on one of my homes.This lease option contract comes due in the next few months and I am certain this Individual will not be able come up with the Financing or money to purchase the house.This home is in Florida. This home has increased in value roughly 60 K above the lease option price that me and the buyer agreed on stated in the contract. This person has a non refundable binder which I assume he would lose if he could not complete his end of the agreement.I understand that the contract would dictate what happens but are there any other options or angles on this ? Could I sell the paper on this deal or are there other non traditional ways for him to come up with the money ? My intention is not to push him out but I need the money on this deal and want to get out from underneath this house Any thoughts ?

Loading replies...