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Updated about 12 years ago on . Most recent reply

Aaron Junck's profile image
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Aaron Junck
  • Real Estate Investor
  • from Sioux Falls, SD
  • Member since Jan 13, 2013
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Aaron Junck's profile image
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Aaron Junck
  • Real Estate Investor
  • from Sioux Falls, SD
  • Member since Jan 13, 2013
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Aaron Junck
  • Real Estate Investor
  • Sioux Falls, SD
84
Votes |
415
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Tax, SDIRAs & Cost Segregation

L/O question

Aaron Junck
  • Real Estate Investor
  • Sioux Falls, SD
Posted

What do you do when you close a lease option deal in which you collect Lease Option consideration??? Legally do you have to hold it as if it was a deposit or can you use that to go find more investments and invest it??? Let me be clear in saying that in the contract it is lease option consideration and not a deposit and is non-refundable.

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John Jackson's profile image
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John Jackson
  • Investor
  • from North Richland Hills, Texas
  • Member since Oct 20, 2011
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John Jackson
  • Investor
  • from North Richland Hills, Texas
  • Member since Oct 20, 2011
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John Jackson
  • Investor
  • North Richland Hills, TX
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John Jackson
  • Investor
  • North Richland Hills, TX
Replied

I think you all should arm wrestle...HA!! WHEEEE!!!!

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