Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Real Estate Deal Analysis & Advice
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 almost 10 years ago,

User Stats

12
Posts
2
Votes
Jimmy Reyes
  • Investor
  • Victorville, CA
2
Votes |
12
Posts

Need guidance to handle this deal

Jimmy Reyes
  • Investor
  • Victorville, CA
Posted

I've got an SFR under a Lease Purchase contract with a couple who's a family friend. I made an agreement with them that i'll lease the house for 900/month for 24 months with option to buy within that period. I'll take care of the property tax and insurance which will cost me around 2600/year. I can rent the house for 1400-1450/month on a Lease Purchase also and set the purchase price at 215-225K. The purchase price is 180K and the FMV is around 195K. Should i sell the house now or do the sub-Lease Option route? The couple would prefer to sell the house now. I can sell the house as FSBO so I can max the gain but I'm full time employed and 80 miles away from the property. If i'll use a Realtor, there's not much left on my net.

Any advice appreciated.

Jim 

Loading replies...