EQUITY NOTES 0 Report post Posted May 14, 2013 Hey everypne it sure has been quiet on the forum lately Looking for good advise on this call I received yesterday, hope you folks can help seller was quite cooperative when I returned there call and I felt like I wanted to try and see if I can help them out They asked for advise on a lease option as they are thinking of renting a real nice home they have in a good area.Price asking is 200k worth about 181they asked if I thought a 3-4 yr option would work and I was not sure if it would helpSeveral people wanted to rent it (of course) The mortgage payment is $1600 per mo. and is from what realtor said is in line with the area They were quite nice and I think if possible I could do a c/a l/p, if it would work with an extended termAny help appreciated on this oneTom Share this post Link to post Share on other sites
MichaelC 160 Report post Posted May 14, 2013 The first question I have is why are they asking $20K above value? Can you do a long term deal, say 4 or 5 years? Sure. But the problem will be finding a t/b who is willing to gamble whatever option money they put down that values will increase during the agreement period. Share this post Link to post Share on other sites
