All Forum Posts by: Ben Skowronek

he's not planning a 1031 exchange. 

Im doing a lease option (rent to own) with my landlord. I know he owns the home free and clear.  I want to ask him for seller financing. How should I approach him with my request for seller financing that looks attractive to him?

Our option to purchase agreement states:

The initial purchase price is $172,000.  This option price will be adjusted and otherwise reduced over time, as set forth herein.

Of the $2245 in rent payable each month during the 36 month lease, $1000 of the $2245 amount will be applied as further consideration to reduce the option and purchase price if and only if the Lessee exercises this option to purchase.

Thanks for all the help - Ben