Tiffany Grace
Lease Option Option Fee and the seller
I have spoken with a few sellers regarding terms and they always say they would like a pretty hefty up front lump sum payment. I advised I charge 3% option fee and the seller advised they are getting basically nothing...
Mary Ainsworth
How to pick a strategy: house hack or long distance?
Hi!I'm looking for other people's thoughts on what they think would be a better ROI for me. Background:- 22 years old- living in San Diego (CA)- have $53,000 in savings Option 1: House hack, buy a 3-bedroom condo, ren...
Paul T.
Option to purchase counting as claim of ownership
I have been very interested in the lease option investment strategy lately, but when I spoke with my local attorney, a serious risk surfaced that I want to understand more. The risk is on the tenant buyer end (you doi...
Roy Massey
Locking in intrest rate
Should I agree to not be able to refinance for 5 years to get a lower interest rate or do you think rates will go down low enough that refinancing within the next 5 years would be worth it?
Shiloh Lundahl
Magnificent May in Arizona
Last month I wrote a post on the success that we had as a team in April and I called it Awesome April in Arizona! This month I wanted to detail some of the success that we had in May and call it Magnificent May in Ari...
JDee Moore
Where can I get creditable information about my house?
Hello BP fam, With a growing family, my wife and I need a bigger place to live. Before my kids were born and before my wife and I were married, she (her name is the only name on the deed) and I bought a house with ...
David Weiss
As a buyer with a $1.5mm budget, which option would you go with?
Pretend you’re looking to buy a property in Florida (or wherever the market works similarly enough for this question to make sense) and your budget is $1.5mm. Would you:
Option 1. Not use a buyer’s agent at all, just...
Dustin Markwell
Entering a lease-option as a buyer looking for a bit of advice.
Hey Everyone, I'm very excited. I'm about to enter my first lease-option for a wonderful townhome to live in for a bit with my girlfriend before I consider making money off of the deal in the long-run. Purchase Pri...
Olga B.
0% down higher interest vs 5% down + PMI lower interest
Hi everyone!I am currently purchasing a single family home to occupy and eventually rent out. The main reason behind purchasing a single family was the ability to get a first time home-buyer loan for 30 years fixed.Th...
Sarah Jones
lease option - risk explained
I'm trying to understand how sandwhich lease option works and responsibilities...
1. A condo that is listed on the MLS for $218k and not being sold so they drop it to $200k... The seller doesn't know if it will appr...