Close the deal!

2 Replies

Hello BP,

this question is for the experienced investors that have used lease options strategies in all forms.

if I am working with a hard headed homeowner and all the numbers work, would it be wise to entice the homeowner with not only paying his mortgage, but awarding $100 per month to his checking account?

It sounds very desperate, but if the numbers really worked out in my favor I think I can sacrifice 1200 a year. Your thoughts?

or is this strategy already very common?

Thank you

So you are looking at a SLO?

(Sandwich LO)

So you'd just be paying an extra $100 per month.

1st..have you done a SLO before?

You have to realize what you are getting into.

If he's hard headed, that means he's not desperate or liking what you are telling him.

I don't know the details, but on the surface I'd say do a LO assignment and get him full price and monthly...

Sellers that do CA's aren't really desperate, but looking at options.

@Andrew LeBaron can you give the details so we can help better...what is the sellers situation? what are the numbers?

Situation:

Seller is an old timer snowbird from Nebraska

House value 250k

Loan due 23k

2year contract agreement LO

Monthly mortgage payment $960

Going rent in area $1350

4 bed 3 bath

He wants to leave for 9months of the year but not hassle with tenants. He's old.

He likes the mortgage paid idea but would leave it vacant and free an absentee owner if he doesn't get any sort of cut in the deal

Wants to keep the house for now but it's willing to sign a2 year LO

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