L/O HELP!! - Posted by Derek Scott

Posted by COSMOS on December 26, 1998 at 18:56:36:

First happy hollidays( yeh yeh, hurry)
okay NEED MORE INFO! 60,000 is that market value?
what is it, a house? how many rooms? how much would it rent for? have you talked to him about lease credit?
have you put any down? are there any tenants there now?
empty? how long has he agreed to give you for an option? also what did you intend on doing afterwards?
ie. selling option? leasing it out with an option till mortgage is paid off. by the way is there a mortgage?
how long has he had it on the market…etc…etc
I’ll leave you to answer those questions, I’ll get back to you if I have anymore. cosmos

L/O HELP!! - Posted by Derek Scott

Posted by Derek Scott on December 26, 1998 at 15:50:01:

I’m fairly new at this so please bear with me,

I have a seller who is selling at $60,000, and has accepted a L/O, however I’m not sure of the best approach to make this a excellent deal, I have him on hold til later this evening.

Could someone please give me a good example to work on this one?