Updated about 7 years ago on . Most recent reply
Advice on opportunity to purchase lease option property
Hey BP friends ,
I got this investor who approached me with the chance to buy 2 properties. I'm gonna try to not bunch everything up so details below
4/3 sfr
he's asking $120k which has lease option tenants paying $1450 per mon* $200 credit towards principle with one year left with the option to buy for $160k.
7/5 sfr
he's asking $150k also with a lease option tenant to buy in 1 year for $185k. House would appraise for $220k
How would you purchase this deal if you had no money ?