I'm not saying that determining repair cost isn't great exercise for the wholesaler/seller to know when pricing their product, but as a buyer I wouldn't really pay attention to it.

I'm still in beta and am redoing this exercise now as a retiree.A couple of techniques I used back then: Tony Robbins sold the cassette tapes Unlimited Power that helped me identify and prioritize my short, medium, and long term goals.

Our goal is to raise between $5 to $20 million so that we can continue to value enhance and market the project.

The lease was signed in 2006.In my lease, one clause is the option to renew: Lessee, shall have the option to extend the term of this Lease upon the same terms and conditions set forth herein for the following period(s): One term of two years at a new rent rate of $16.50/sqft and then ten terms of two years each under the same terms and conditions also to include a 3% COLA increase in non-mortgage related expenses in each successive year as a tenant"So rather than lock myself into a 7 year term, I can continue to just exercise my ten options of two year terms all the way through 2026.

Some things you might want to include:Have a notification date to exercise the options, for example 30 or 60 days before the end of the lease.You can put the rent prices in the contract or something that says, "95% of the current market rate, but in no event will the rent payments be less than the last month before the option is exercised."

Hi Al BunchSub 2 is one idea.You could sandwich lease option and do an equity split.You give:option $10Lease below market rentBack End Exercise price $115K + 8KYou SLO to TBer:option 5% of appraisalLease at market rentBack end $132KSeller pays closing costs, TBer pays closing costs.

It's a good exercise to go through to talk to banks and learn about the products out there.

Put in the contract, I will pay off whatever they still owe to the bank at the time I pay off their loan or exercise my L/O so they don’t have to worry about the potential (and probable if a newer loan) to owe more than I owe them.

If nothing else, this exercise is worthwhile to do so that you can figure out the pieces of what really makes a good deal.The bottom line question you need to ask yourself is "How do I plan to profit on this deal?"

That serves several purposes: (1) It will a allow you time at your new job so if you decide to get a mortgage and exercise your option to buy, you will have 3+ years on the job and (2) during your lease period, you will have the opportunity to make sure that the market is going in the direction you want.