This is my first post, but I feel like I know a lot of the regulars on the forum as much as I've read them in the past month. Anyways, I bought Michael's manual last week and have read through it several times and took many notes. Two days ago I decided to get started marketing for motivated sellers via Craiglist and other FSBO websites. I received 5 emails the next day and after talking with them it seems that one is genuinely interested in a CA. He recently moved to NC and now needs to move back to NY for personal reasons. The house is in a nice and relatively new neighborhood just outside of the city. Here are the numbers: Seller wants to net $145,000 Sell Price: $155,000 (comps in that neighborhood are at $154,000) Rent: $1,100/month (this is reasonable for the area according to craigslist, where else can I go to find rent prices?) Lease term: 12 months Rent Credits: $3,300 (25% RC) Option Consideration: $3,000 __________________________________________________________ Net: $148, 700 ($155,000 - $3,300 - $3,000) Does this look like a deal or are my numbers off? Feel free to tear them apart if need be... Thanks for any and all help. This board and the people on it are awesome! -Brandon
