Posted by Rob on February 01, 2005 at 18:50:53:
I think you got the idea.
What do you think about this? - Posted by Jeff Morelock
Posted by Jeff Morelock on February 01, 2005 at 16:52:29:
I have a duplex (house with detached garage apt)I just finished rehabbing in Tampa, and bought with hard money. I want/hope to sell it to another investor, BUT I got a call from a lady who wanted to lease option it, with $5000 option money and $1000 payment, $250 of which would go towards the purchase price of $98,900.
I have about $30,000 in equity that I need to pull out, so here’s what I was thinking…
Do the lease option above, refi (credit score 780) and pull out the 30K for more investing. This sounds too easy. Am I missing something? Thanks
Re: What do you think about this? - Posted by rdjlazo
Posted by rdjlazo on February 02, 2005 at 09:32:30:
Pull out the most in refi and option money, maybe yo can get $10,000 option$.
rdlazo