Updated over 11 years ago on . Most recent reply
Lease Option advise
I am considering a first deal. A house on a small lake with beach frontage. The house is in good condition with comps' @ 100K. The seller has land contracted the home for two years in the past. The owners have moved about 30 miles away and are ready to sell. They have listed the home for a year with a Realtor (@86K) with no luck. They are looking at auctioning the home just to be done with it. I am considering proposing a lease with 90K option. Again, this would be my first deal. Any thoughts or suggestions are appreciated.