Rent to Own a.k.a. Lease Purchase, Lease Options

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Alberta Eleazer
  • Rental Property Investor
  • Charlotte, NC
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36
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High Equity Lead Options

Alberta Eleazer
  • Rental Property Investor
  • Charlotte, NC
Posted Aug 24 2019, 22:04
Hello BP I am in contact with a potential seller that has under 20% Equity in her property. I have not seen the property yet. But from our conversation it seems like the only thing it needs is new flooring and touch up the paint. The numbers ARV $256,000 MORTGAGE $204,000 PAYMENTS $1500 PROJECTED RENT $1700 How would I go about offering a lease option with no money down. Also her and her family live in the property. Would this be able to work as a wholesale deal because it doesn't need a lot of work? This seems like a pretty good property for a sandwich lease option. But I am not sure how to go about doing it.

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