Kenneth Walsh
evicted tenant still has option remaining halp
In these post Dodd Frank days everyone recommends doing a separate option contract to the lease agreement and having neither document reverence the other so as to not imply an installment sale. My question is, if a te...
Thomas Handy
Who's equity is it?
I've followed along on the blogs but just discovered this part of the website. I'm looking at a deal where the seller will sell me his properties that are in a lease hold agreement. He said there's equity but that c...
Michael Morrongiello
Can Only a PART of paid OPTION Consideration Funds be NON Taxable ?
Can Only a PART of paid OPTION Consideration Funds be NON Taxable ?In the process of BUYING a PURE Option to buy a SFH subject to an existing loan (at a lower fixed long term interest rate)Let say the OPTION "Strike ...
Ernie Hogue
How are option fees taxed?
Hi BP community. I searched in the Tax and Legal forum, but didn't see this question answered specifically. I am trying to determine how lease option up-front option fees are taxed. My understanding is that they are r...
Robert Kenneth
can landlord dictate basketball hoops?
A landlord here in Houston told my neighbor to take down the kids basketball hoop off his property. However, it is on the grass between the curb and sidewalk which i believe is technically government property. Is he...
Josh Miller
Lease Option In South Carolina, How to structure???
I purchased a 3/2 SFR last month in SC for $40k and am selling it as-is on the MLS for $75k. A buyer approached my realtor asking if I would consider doing a lease option. This would be my first lease-option and I'm...
Jason Agulay
Leas option question
we are moving into a friends house and renting. they are moving to utah and said if we wanted to we can do a lease option to buy. How would i go about doing this? we have already signed a 1 yr lease and move in at th...
Will Costello
Lump Sum Investing or Pay off Rental Home
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...
Brian Ellis
Seller financing vs. lease option - what’s the difference?
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 ...
John Gilligan
The process of identifying your ONE Thing(s)
I'm a huge fan of The ONE Thing by Gary Keller/Jay Papasan. I have a paper copy and the audiobook, and am very bullish on fully adopting this framework and using it to govern my life.When I finished the book the firs...