Turns out she had it listed with a realtor for 6 months, realtor inflated the price to get there commission (which happens a lot) , she just ended the contract and was about to rent it anyway so when I said why dont you rent it to someone that will take care of the day to day repairs then buy it? she was on board.

What made you interested in investing in this type of deal?

After my wholesale deal i tried repeating but got so fed up with giving lowball offers to seller for pennies on the dollar, doing walk through' on ****** houses, cussed at, hung up on etc.
I started watching videos, books, info i could and immediately implemented marketing suggestions asking if sellers/FRBO's would consider doing a rent to own. After a week of craigslist emailing I found a lady that lived in California but had a very beautiful, 5 bed 3 bath,

How did you find this deal and how did you negotiate it?

I dabbled around because by this point i was completely hooked into real estate and was exploring other options. I thought i would learn for a year or two because i was just over broke, and kept listening to guys that were doing conventional buy and holds, thinking to myself "well this sucks, I'll never be able to save up 20%!!!!" Then i stumbled upon an amazing little niche strategy called "LEASE OPTIONS".

How did you finance this deal?

I locked it up under contract for $1400/mo rent with the option to buy for $339,900. The house is move in ready. I marketed it to tenant buyers and after about 4 weeks signed an agreement with a Pastor , his wife and there child for market rent - $2000, with the option to buy for $360,000 which the appraisal amount went up about $3000 from that already. Oh and when they moved in and what makes it a lease option is that before they moved in at lease signed they gave me a non-refundable option con

How did you add value to the deal?

I put in maybe about 10 hours of work, no repair estimates, no negotiating with the seller, no landlord headaches b/c the tenant buyers are responsible for repairs under $700. Everyone is happy, though the seller just wants to sell i know shes happy there are no calls in the middle of night and her house is in excellent condition b/c the TB's are treating it as they own it, going through a credit repair program and working with my mortgage broker that specializes in