However, most buyers want to lock in the future purchase price upon inception of the lease option.During the term of the lease option, the buyer agrees to lease the property from the seller for a predetermined rental amount.The term of the lease option agreement is negotiable, but the common length is generally from one year to three years.The option money generally does not apply toward the down payment.A portion of the monthly rental payment typically applies toward the purchase price.Option money is rarely refundable.Nobody else can buy the property during the lease option period.The buyer generally cannot assign the lease option without seller approval.If the buyer does not exercise the lease option and purchase the property at the end of the lease option, the option expires.The buyer is not obligated to buy the property.Basics of lease purchaseBuyer pays the seller option money for the right to later purchase the property.

Hey @Zack Parker I can tell you that anecdotally, these are rare in LA County.

So for now I'm going to hold tight and keep an eye on my market.My goal is to put away some cash that, combined with money I can access off my current home's equity, I can sometime in the future put down a 25% down payment to take out an investment loan to purchase a property.

However, on those rare instances I need to send something in writing, my quick cash offer is 1 page consisting of 9 short sentences.

Fortunately for me she paid several months in advance, something I rarely allow, but she had just sold a business (verified).

Total(non-leveraged) return is a combination of cap rate and future appreciation.

Assessed home value is $112,500.00 The assessed land value is $146.700.00 Combined assessment for bldg and land = $259,200.00.

I'm usually a lurker and information hoarder when it comes to forums, and very rarely ask our participate in discussions.. but I'm looking to make a change and am hoping this is a step in the right direction for me.I've basically been a professional renter for about 15 years (I've moved about an average of once a year and have been in about 14 different rentals) ..

If you do all that, in combination with a natural risk-avoiding approach as an investor, you will see that Mexico is full of opportunities as in the US or Europe (were I am from) pricing, growth, accessibility and affordability are incomparable to Mexico.

ONLY the land has value for new high rises in 2050 thats HOW long it will take for homes to become abandoned bulldozed and combine lots into acres for highrises,,, there is NO sprawl  in miami JUST highrises ... those BAD areas are like that for a reason ...