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Updated over 7 years ago on .

User Stats

581
Posts
32
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Tony Marcelle
  • Bessemer, AL
32
Votes |
581
Posts

Does that make sense to you?

Tony Marcelle
  • Bessemer, AL
Posted

I was watching a YouTube video of a guy named Adam King who talks about cooperative lease option assignments. There is a part in the video that lost me. The confusing part is where he said the tenant buyer's consideration fee (down payment) payable to the investor will go towards the purchase price the investor agreed to pay the seller. For example, the purchase price is $120k. The tenant buyer puts down a non refundable consideration fee aka down payment for $5k paid to the investor. The purchase price is now $115k. The confusing part is the $5,000 is not recorded going to the seller. That money was paid to the investor. Huh??