I am thinking about transferring my rental property in UT to my LLC. The credit union's (PFCU) Note and Deed have the following clauses:Note:If all or any part of the Property or any Interest in the Property is sold o...
hello,
I've been reading about Lease Options and I found that anyone can make quick cash by assigning their contract. I just want to know if this is the basic way of doing it.
Step One: Find a motivated seller
S...
I have a rental home with approx. $87k remaining on the mortgage (6% rate, 20yr, currently at month 57 of 240). I will be receiving approx. $91,500 tax free; more than enough to pay off the mortgage immediately.
I wa...
Alright,I have a challenge for everyone. I'm not sure if anyone has read "The Real Book of Real Estate" by the Rich Dad Team but they reference using a lease option as being an investing method to purchase a property....
Hi BP Community.I want to add a clause in my lease for allowing an early termination of the lease. I just acquired a property and one of the tenants moved out early. Should have been disclosed to us but that is a d...
There are a ton of great ideas on "How To" do whatever needs to be done here on BP, but are there things each of us can do that don't require advice? Is there a natural force that will help you become happier with yo...
Hello, I received a lead from an investor friend for a condo. Here is the situation: the original owner did a lease option to a college student with a 30 year mortgage. Original owner owns the condo free and clear. Th...
What would be the pros and cons of each option? I’ve run into a scenario where a seller wasn’t willing to seller finance, but came back asking if I would consider a lease option instead.
@Steve Vaughan would you be ...
I have been trying to sell my rental condo and have been proposed a rent to own arrangement. The tenant/buyer would put down a non refundable deposit of about 20K and then rent the condo for 16 months and then have t...
It appears that 2-3 years are the typical length of Lease Option Contracts but that does seem too short if you are really hoping that the tenant/future buyer will really repair their credit in time to exercise their p...