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Updated over 7 years ago on . Most recent reply

User Stats

103
Posts
44
Votes
Alexander Ramos
  • Bedford Park, IL
44
Votes |
103
Posts

Town home lease option?

Alexander Ramos
  • Bedford Park, IL
Posted

hey guys have a question. Found an off-market property that landlord owns. It is a duplex townhome free and clear. Selling one side only.

Here is what it looks like

He wants full price at 110K which arv is around that. Said he would do a land contract or wrap around at 100K. Seems like he will finance most if not all.

Rents out for about 950. 

And may want around 450-600 a monthly payments

It is tenant occupied. To me this may not make sense as a rental given 100 bucks cash flow for 45 minute drive. However great neighborhood

Any suggestions on how to go about this. Lease option after I acquire and mark up price?or owner finance to another person with a higher price and down payment?

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