Just wanted to get the BP opinion and some feedback here.I own a 10,000 sf piece of land in good area with excellent and problem-free retail tenant.

I did pull the trigger within my 6 month deadline, but no deals, Oakville is a hot market, even tear downs are selling @ and above retail price.

It is a simple part time retail job where free time is decent and hours are flexible.

An agreement which conforms with the definition as set forth in § 4-92-102(7) shall be a true lease and shall not constitute a credit sale, retail installment contract, agreement, obligation, or any other type of credit sale financing device, nor shall it create a security interest as that term is defined in § 4-1-201(37).

However, she called me after about a month and was wondering why I never sent her anything.So my question is, whats the best way to structure a deal where she gets paid 110k for the house, but on the back end, after I fix it up and sell it to a retail buyer.Secondly, how best can I describe those terms to her so she can understand it.

You should always use the same beds/baths for comps and try to stay within 200sf. of the square footage of your subject property.

Without seeing the inside, judging from a few exterior pics and assuming the interior is well kept but dated, I'd say a safe retail number may be $120k.

My main goal is to purchase distress properties, rehab, and sell at retail.

Here is what I mean.We can get good rehab-prices on the plumbing and electrical work, but often these contractors are not able or willing to do the drawings needed for the permit.We have found contractors who will do the drawings, but they are also busy with new construction and retail remodeling.

For regular retail clients, just knowing some stats is enough.