kasmand

Hello everyone first post here so bare with me. fsbo asking 145,000 in Florida 2025 sqft on 1 acre owner paid 110,000 back in april 2011 18 month lease option, owner payoff would be 105-106 comps in the area 118-130 zillow and trulia put the house at about 142... Owner had the house rented to a friend..well u know how that goes. Tenant left with 2 weeks notice, tenant was supposed to do certain fixes on the house that never got done or was half assed done. Owner is willing to do a lease option at 1300 a month or just sell. She has personal issues so she's somewhat motivated especially since the house is sitting empty. The home needs some cosmetic work on the inside light fixtures, fans, she has kitchen cabinets that are sitting in the garage that need to be put up. The flooring was DIY job I guess done by the previous owner nothing matches. garage door opener needs to be installed it on the floor. Here's what I'm thinking offer 120-125,000 option money-as low as I can...lol 1300 per month. 200 rent credit 200x18=3600 my final price 122,400 what she gets payoff for owner 105 sale 125=20,000 profit her mortgage is 800 from 1100=300 a month cash flow x 18=5,400 potential profit for her 25,000 plus option money normaly would go to the middle man Now I would like to have the option of selling before the option runs out if I have sweat equity in it, oh and she previously offered 105,000 which she turned down I know there more to than that but thats why I'm here asking for help How do I get this on paper? Thanks

Well the house isn't listed for sale its listed for rent and has been for 2 months . The ownwers seem to have lowered their terms to rent for lack of activity. So I thought I might be able to see if they would be open to a lease option . Does anyone know where I can get comps online? Zillow maybe?? Thanks Rafael

Hello everyone this is my first post here, but I've been doing a lot of reading on past posts. I will be ordering the manual tomorrow but I have a scenario I would like some feedback on and I'm short on time. There is a frbo that I went too see it is a 3br 2 bth house about 1600sqf that sits on 1.59 acres. Doing some research I know that the house was purchased in April the sale was a shortsale for 80,000. The house has been listed for about 2 months now and the changes I have seen: asking rent 1100.00 plus 1st last and security deposit for a total of 3300.00. This last week they are only asking for 1st and security deposit. I guess they are realizing times are hard and people don't have that kind of money laying around, and they will be paying their 3rd or 4th mortgage payment soon if the house has a mortgage. If I were to approach the home owner about a lease option, what would be the best way to determine the sale price of the house that would peak their interest and get them thinking about their ROI. I am located in Southwest Florida an area that has been hit hard with foreclosures, shortsales and jobs. I'll probably have more questions and I know once I get the manual I will have more knowledge on lo's, but I'm on limited time and I'm thinking of trying this to do this lo for myself Thanks Rafael