Lease Option - Auburn, ME

[Kyle Clabby]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $100,000

This was a distressed property I drove by, reached out to the owner, and negotiated a lease with option purchase. A couple weeks later I found an end buyer and put creative financing together to make the deal happen. It took a little effort finding the end buyer but it was all worth it when it was all said and done!

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

Being able to put creative financing together to get me, the buyer, and the seller all what we wanted!

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

Driving for dollars! I negotiated by consulting with the seller and buyer about what they wanted and how we could creatively make that happen!

Lessons learned? Challenges?

You never know if that next call or the next door you knock on will turn into an opportunity so never get discouraged, put your head down, and get to work.