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Updated over 8 years ago on . Most recent reply

User Stats

11
Posts
1
Votes
Steven E.
  • Telecommunication Sales
  • Greensboro, NC
1
Votes |
11
Posts

Rent to Own Investing

Steven E.
  • Telecommunication Sales
  • Greensboro, NC
Posted
Hi BP Members Quick advice on rent to own investing. I was just presented with a rent to own deal and need assistance navigating the transaction to determine if it will be a good route to go. Seller is flexible with terms. 3/2 Single Family Purchase price: $39K Down Payment (Wholesaler Fee): $5K Repairs: $5-8K Area Rent: $875 ARV : $70K Tax Value: $70,500 1. Can this deal work? 2. How can I structure the deal to gain control of the property and maximize income potential? My intentions is to utilize the house as a rental property? What would you guys recommend? Any advice would be appreciated! Thank you!

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