GOT MY FIRST LEASE OPTION MEMO SIGNED

1 Reply

I literally started Sunday. Today I landed 2 option leases in Atlanta. I need "rent to own" tenants who dont qualify for traditional housing. WHERE ARE THEY HIDING?? My first property is 6 BR/ 4.5 Ba with $4k option to owner. Looking for someone to move in with $10k option. Purchase price is $445k, $3k a month, 1 year option length. Am I lowballing myself? Should I look for more on the option fee? Less? General thoughts on this please. Seems like there are many more rent to home willing owners than quick cash taking owners and tons of people who want houses that dont qualify. Thought it would be a nice niche for me.

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