It was never done so the listing broker paid the inspector to de-winterize it and then re-winterize it after he had completed his inspection (to keep the ball rolling and met the close date).Well then the company that works for the asset manager came out and de-winterized it.

I've been taught to either offer the price they want with the terms I want or ask for the price I want with the terms they want...I personally start the ball rolling by making an offer where I ask for seller financing.

Say the tenant/buyer decides to exercise their option and buy.

Once I get the ball rolling with other projects, I would definitely love to experiment with this.

You do need to exercise some care to comply with SAFE act though.But of course, they are buyers, so they aren't renting :wink:

If you are really serious about getting the ball rolling on this project I would be more than helpful in organizing a chapter here in NY.

No actual cash is involved at that point.And, as Bill suggested, you and your tenant buyer should be working with a mortgage pro on arranging the financing in order to exercise the option.

My guy is capable of setting up an entity in any state for a reasonable fee.Now, if you need an operating agreement because your entity will have partners, then you are talking about a whole new ball game.

Violating such these aspect can lead to having your reputation trashed to being black-balled to losing your license.

If you paid money for the option....different ball game..I'm getting my money back at least!