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Updated almost 8 years ago on . Most recent reply

User Stats

37
Posts
13
Votes
Matt Foster
  • Investor
  • Commerce Township, MI
13
Votes |
37
Posts

How would you structure this sandwich lease option deal?

Matt Foster
  • Investor
  • Commerce Township, MI
Posted

House is in pretty good shape all in all except the roof is totally shot and needs to be replaced.  If replaced it's worth $175,000.  Market rent = $1,500 conservatively.  Cost to replace roof = $8,000. $120,000 mortgage owed.  $1,000 a month mortgage payment. 

How would you structure a sandwich lease option on this deal provided the owners aren't in a financial position to replace the roof? 

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