Jim Jack
Option money sent where?
I keep getting conflicting answers on where should the option money go to some say the check should be made out in the name of your company and its yours to pocket and thats it and to make sure to credit the amount of...
Chuck K
Help me structure this lease to own strategy...
Newbie here, bought a new residence and plan to offer my older home for rent or lease to own.
House value is around 170K, owe 120K and rent comps are between $1300. It's been completely rehabbed. If I decide to g...
Soo Y.
Demolition During IRS's 120 Day Right of Redemption
Based on what I've read here on BiggerPockets, it seems that the IRS's 120 day right of redemption period is merely a statutory right that the agency has not/does not actually exercise(d).Would it even help me as a 3r...
Lesley Resnick
How do I price this?
There has been a lot of discussion on BP around rent to own, lease to own, etc. I have offered this type of deal on a few occasions, but it was never accepted. We all are big fans of the idea of, give me a big down ...
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Real Estate Option
I'm new to the real estate game. I have read numerous books and have almost no money to risk, so have decided that I have to start with straight options. I haven't been able to find an explanation of how to close on a...
Kevin Dureiko
How do YOU set your day up for success??
Good morning BP! So how do you do it? What’s your recipe for daily success?
Are you an early riser?
Yoga?
Breakfast first?It takes so long for most of us to figure out our optimum morning routine. Mine is pretty ...
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Question about a Lease Option?
Hello- hope all is well. My understanding of a lease option is that the RE is tacking on extra month payments for the lease option tenants with the idea that after a set period of time (let's say 3 years) the tenants...
Denzel Domingo
Lease option contract whats next?
So lets say me and seller agree on terms and i get the property under contract. Then i just start looking for a tenant-buyer right? Or do we have to make anything official with a lawyer/title company?
Greg Zimdahl
Subject To - No or Negative Equity Exit Strategy
Hi BP,Looking at a seller with no or a slightly negative equity position my research leads me to believe that a "subject to" deal is my best option. Considering the house is in good condition and no major repairs need...
Michael Myers
Bookkeeping for Master Lease Option
Hey guys, interesting situation here. We just got some properties under a master lease option. We paid the lease option down payment and are taking over operation. We structured the contract in such that we realize th...