Tom NA
Help with Lease Option deal
I have a prospective buyer interested in a Lease-Option on my property but we're having a hard time coming to terms due to differing goals. He wants to keep payments down and have a long purchase period. I of course w...
Jason Drayer
Buying a home that gave a tenant an option to buy
We are currently working a deal to purchase a home. It has current tenants, which we are not concerned with, but it also provided them an option to buy until 12/31/2020.
This additional clause was added to the lease...
Manny Cirino
Renting Your Rent to Own?
I just had a question I was curious about. I hope someone could kill my curiosity. If you buy property as a rent to own do you then have the right to rent it out or resell it? I am aware that it would be rare to find ...
Jonathan Paul Shortt
Option Money to the old owner?
Purchased a property last year with a tenant in place and the tenant had a purchase option at the end of year one and again at the end of year two. The tenant is moving out and not exercising the purchase option. The ...
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 ...
Victor Cazares
Loophole for doing Lease Options in Texas?
If a Lease Option in Texas is structured the following way will it be legal? Is this a loophole around the several restrictions in current law? Assume the lease option contract is for 24 months, $1K/month rent, and $...
Matt Pfefferlen
IRS Right of Redemption
I am looking at a foreclosure with a 1st lien foreclosing and the property has a second loan with an IRS lien after the 2nd. After foreclosure by the 1st lien whereby the second gets zero, does the IRS need to pay s...
Andrew Yu
How to Structure this Lease Option
Just came across this deal yesterday. The house is worth about 120K, still owes 116K, and has 29 yrs left on mortgage. Monthly PITI is around $850, can be rented for $950. As you can see, it's a low equity, low cash ...
Brian Christensen
How much info should I give the investor?
So lets say I work a deal for house worth $100,000 and I negotiated the selling price for $45,000. If I listed the deal in the paper (handyman special / investors delight), and an investor calls me...how much of the ...
Riley Wilkinson
Can I turn my Lease Option into a BRRRR?
Here is my situation: my wife and I have "subject to" lease - option that we purchased from a wholesaler that gives us nearly unlimited time to exercise the option, currently our option to purchase at about 95K. We ha...