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Updated over 10 years ago,

User Stats

97
Posts
23
Votes
Fausto Carosella
Pro Member
  • Real Estate Broker
  • Boca Raton, FL
23
Votes |
97
Posts

How can I hold a note for balance of lease option fee?

Fausto Carosella
Pro Member
  • Real Estate Broker
  • Boca Raton, FL
Posted

Hey everyone,

Can I hold a note for the balance of a lease option fee? And how would I go about doing it? 

For example: I have a seller that is willing to lease option their property, I find the lease option buyer and assign the lease option for a fee. Let's say I'm aiming to get $4000. I like a particular buyer but they can only give me $2000. Can I (and how do I) write/hold a note for the balance? Structure it so there is a minimal monthly payment of $50 for example over x amount of time.... I'd like to be able to do a few of those for a couple hundred a month in cash flow..... Is it possible? What are some thoughts? Thanks!

  • Fausto Carosella
  • Loading replies...