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16 April 2015 | 91 replies
2) How to setup/negotiate the monthly rent amount that goes toward buyer's equity/purchase price.3) A total refinancing disaster when working with national banks (I heard stupidity such as "According to Fanny Mae, a house in a lease-option is as good as a house currently on the market from a refinancing standpoint"4) TAX: Rent is a taxable income but what about the rent portion that goes toward the purchase price once the option gets exercised...How fully leveraging 1030 exchange in that context.Hopefully, some interesting elements here.My 4th day on BP, yeah!
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4 June 2013 | 10 replies
I think you're saying that you are going to use a lease/option to purchase a property but you want the eventual purchase price to be the mortgage balance when you exercise your option and make the purchase.
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19 December 2018 | 23 replies
In a title state, legal title passes to the Trustee conditionally, they hold title but may not exercise any powers of ownership so long as the borrower meets the conditions of the deed and note.
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27 January 2016 | 10 replies
If the seller of a lease option dies, you still have your rights as a tenant according to the lease terms and your option is still valid, you can exercise it and pay the estate.What you are describing is a sandwich lease option I think, which is where you lease the house from someone with an option to buy, then turn around a sell it the same way, but at higher dollars.
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8 February 2016 | 11 replies
Would not concede landscaping forces anything, least of all appreciation.IMO, landscaping enhances curb appeal and thus equates to 'desirability' to the tenants.
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12 January 2016 | 11 replies
I've had to invalidate my own fair share of Irrevocable Trusts when Settlors begin to try and work around the irrevocable nature of it and try to retain certain powers they should not be exercising.
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12 January 2016 | 3 replies
A thoughtful exercise may be to use a combination of your own data, census data, and qualitative factors to put together a picture of your 'tenant market' every year or so.
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25 October 2013 | 25 replies
As my fellow Tampa Bay area native Tony Little, the Gazelle exercise machine guy says, "You can do it!"
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17 February 2015 | 12 replies
-Don't destroy the place-Exercise good personal conduct and don't disturb the neighbors-Keep my appliances in good working order-Yard maintenance is your responsibility-And of course... those air filter thingies?
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5 August 2014 | 12 replies
If I want to put it in cement then I exercise the option with a purchase contract.