All Forum Posts by: James Register

I had a good professional friend tell me if I wanted to lease option my house, it would be a good idea to collect a due diligence fee and take the house off the market for a year and just lease the property to the tenant. Anytime durning the lease period the tenant has the opportunity to buy the house at our agreed price. No need for an option fee and if the tenant moves out or violates the standard lease agreement I may lease to someone else, but I cannot sell the property until the due diligence periond expires. Tell what you think?

hello,

I know how to figure cost, fix and upkeep on a rental property. My problem is finding a calculator/spreadsheet or pro forma workout program. I was hoping someone could help me. All the standard calcultors take the 20 year mortgage as part of the projections.

For example: I brought a $100,000 sfh for $80,000 put $8000 dwn and borrowed $72,000 from a private lender @ 7% for 2 years. I would then lease option the sfh to a tenant for 2 years.

Is there a spreadsheet or a calculator out there? Thanks