Lease Option Purchase

[Linda Wright]

Investment Info:

Single-family residence buy & hold investment in Lutz.

Purchase price: $80,000
Cash invested: $1

This was an owner finance with $0 down and 6% interest. I made sure we did a real closing with a title company. This house was in desperate need of rehab. People told me I paid too much. I put in $40k, some of my own cash and some with credit cards. I rented it out at first for $1295 and now it is rented for $1495 and is worth $250,000. I cash flow about $500 a month.