lease option: option money

[Tyler Thrush]

if i am going to put an offer on a property with the offer price of 475k what would be the max dollar amount you lease optioners would put down as an option fee

[Tyler Thrush]

thanks dan i wiill ook up some previous posts. the problem is i cant do sub tos as i am a licensed broker...

[Account Closed]

Originally posted by Tyler Thrush:

thanks dan i wiill ook up some previous posts. the problem is i cant do sub tos as i am a licensed broker...

Tyler - why can't a licensed broker in California do a sub 2 will full disclosure and acting as the principle and not the agent?

[Tyler Thrush]

I would be acting as a broker as it would be my cedit partner who would be the principle

[Brian Gibbons]

Everything is negotiable. $10 works.

What does the Owner want?
All Cash?
Debt Releif? (meaning someone pay the payments for a while?

What's market rent? Does it cash flow (Rent > PITI)?

Do you want to Sandwich, Coop, Option Flip?

What is your exit strategy? Lease Option?

IMHO, over $400K does not cash flow. Market Rent is always less.

Will the Seller be able to "feed the short fall" between rent and (PITI + upkeep)?

A JV w the owner (Equity Split) might be a good idea if the deal is sweet.

Can you be complete on the total situation? Seller's Motivation? Type and Status of Loan in place?

Thanks,

Brian