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Regina also completed this second sandwich lease deal
shortly after her first.
This out of the area homeowner contacted her from an ad she placed in the
Property Wanted section of the local newspaper. The homeowner was making two mortgage
payments and wanted debt relief. Regina was able to quickly structure this
deal: nothing down; control of the property for thirty six months; $680 per
month rent; and an agreed to purchase price of $84,000.
Her Rent to Own ad received numerous replies and a tenant/buyer was found
within the week. They agreed to the following terms: $3,000 option money down;
a twelve month agreement with a rent payment of $795, (a positive cash flow
of $115 monthly), and a purchase price of $95,000. If and when the option is
exercised there will be an additional back end profit of about $3,000.
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