Posted by CurtNY on May 04, 2000 at 09:58:20:
Nell,
You need to give us more information. The FMV, monthly mortgage payments (PITI), etc… . If the numbers work, this looks like a great sandwich L/O. Tell the seller you’ll gaurantee his payments, maintanence, with an option to buy the property, don’t mention any option money. Then Sub lease the property for an additional $200/month and get $2000-$3000 option money, give an option to your subtenant/buyer a few thousand higher than your option (this is assuming the #'s make sense) Good Luck,
CurtNY