terateam 0 Report post Posted June 30, 2006 Hello everyone. I purchased Michael’s manual about 3 years ago. Read it once and put it on the shelf. Now I have a case were it might come in handy. Here is the scenario: Friend purchases a home two months ago for $139K. The home was previously appraised for $142K. Now he says he cannot afford the house and wants out. I plan on meeting with him on Sunday and discuss a possible lease option.. Anyone have any suggestion? How much should I charge for the option fee. Is two years about right? What doc do I need? Anything comments will be appreciated. Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted July 2, 2006 Ask yourself this question. Are you going to do a CA or be in the middle. Go see the house and ask questions and bring it back to the board. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted July 2, 2006 Rex beat me to the punch, but I was going to ask you the same thing. What are you wanting to do with this property? And what are your plans once you have it under contract? A few more details and we can surely help. Share this post Link to post Share on other sites
