Lease Option for an Apartment Building?
I was hoping to get some input, I have a "potential" deal in which a landlord has his 4 unit apartment building on the market. I spoke with him and because it's a 2 hour drive for him for maint. grass cutting, etc. he wants to sell. I asked if he had any interest in some "creative financing" such as a lease option or sub 2, and guess what HE DID! He wants me to come to him with some ideas as to how to structure it. Easier said than done. He has four apartments, 2-2 bedrooms and 2 -1 bedrooms that are all rented out. There is a lot of posts on how to do a lease puchase or sub 2 to "flip" or live in yourself, but I have not come across any for a property that someone would want to keep as a rental. Any input would be really helpful...