Garrett Jacks
1st Deal Complete!
Hey BP,
So I just completed my first ever deal. It was a Lease Option Assignment, and I couldn't have gotten through it without the support of this community. Thank you @John Jackson and @Brian Gibbons ...
Teresia Sayler
tax treatment for lease option income
What is the tax treatment for the different income streams from Lease Options? Is the Option fee self employment income (business income) when rec'd by a "future potential buyer"? Can the monthly income be "rental i...
Glenn Clapp
Advice Needed: Selling Single Family Occupied by Tenants
I have put in offers on two properties to 1031 exchange with the sale of my occupied single-family property. I have a sale clause in the lease and have asked the tenants to vacate before I list the property. The tenan...
William Ellis
Finding Money For Large Multi-Family Deals
OK, so I can go to a bank and get a loan for a $350K 12-plex by putting 20% down but what if you want to purchase a 100 unit apartment building?If you have great credit and about 100K but don't have a half million net...
Amy E.
The Next Level of Funding
I started buying rentals about 3.5 years ago. I now own six and its gone awesomely. I bought three with cash, leveraged them and bought two more with cash. Leveraged those and bought one more. I like to buy in cas...
Jonathan Morris
Thoughts on using "Subject To" transaction to rehab a house.
Does anyone have thoughts on using a "Subject To" existing financing in order to rehab a property and then sell it. I have started reading a lot about "Subject To" and want to know if anyone has thoughts or experi...
Michael Lee
Exit on a lease option (resell)
Hello BP,Anyone familiar with the best way to exit a lease option with a resell?We acquired a property using a lease option. We renovated the property and is now ready for the resell. What is the best way to set up th...
Blaine Walker
Why would an owner lease option when they could owner finance?
I've been studying how to wholesale with lease options & one of the things I can't get past is why would an owner do a lease option to me (a wholesaler) when they could just owner finance to a tenant/buyer themsel...
Bill Godfrey
Lease Option/Purchase
I received an offer to purchase my home via a lease option/purchase. My dilemma is this, I am still indebted to my mortgage company for $92,000. The offer made to me was for $160,000, which is my asking price to sell ...
Brian Stone
Sellers keep asking for what their houses are comped at
Two calls so far from owners that want what their house is worth. I keep hearing that I should wholesale lease option with them. I don't know any buyers that would do a lease option.
If a seller asks for 95...