Posted by Matt on July 02, 2002 at 24:06:28:
Yes, you have to agree on a purchase price to form the OPTION part of the deal.
As for the credit, I am not 100% sure what position you are looking at this from.
Lease Option Quickie - Posted by ryan
Posted by ryan on July 01, 2002 at 22:22:55:
When you lease option a property do you agree on a selling price - Say for a five year lease option the argree to sell at 150k - and I get to use the accumulated credit?