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Updated over 8 years ago,
Rent to Own Investing
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!