Rick, I read your reply and I couldn’t do anything but smile. Funny. Yeah, I guess you’re right, but I thought maybe it was some sort of ‘table’ to be ‘guided’ by…but as you said; I’m glad to see that it’s not any. The whole blank canvas to improvise on eh!? Thank you very much Rick !
Quick question: In a Lease Option deal usually about $100 goes as monthly credit toward purchase price for the tenant-buyer to be considered just a tenant instead of a ‘buyer’ in case of the need of eviction. What about high end homes? (Million mark)(obviously they got to be treated differently than an average home)… Is there a ‘guide’ to measure how much can be given toward the purchase price without creating a ‘equitable interest’ in the subject property?
Lease Option experts, please! Thanks, Adrian
I’m guessing that you either heard someone say that at a R E event or read it somewhere. Don’t assume that anything is “hard wired” or written in stone.
if you think thru the benefits to each party, an endless number of combinations and permutations could be made to negotiate the optimal L/O deals for two specific given parties.
There is no “table of values” to use, nor a magic formula. I’m glad that’s the case. I’m guessing that you just want something to lean on so that you don’t have to start from scratch.
SO, why not make your own rules? Isn’t that what you like most of real estate investing?
Cheap houses, mansions, they can all be negotiated as you and the other party see fit.