Posted by Shawn Dostie on March 09, 2002 at 11:28:08:
In my limited experience, I believe (qualified) the FMV is approx. 140k based on what has sold recently and what I have bought in the last 12 months. In any event, The income is $1500.00 per month with one SFR empty with a metro customer applying at this time which would add approx. 400.00 per month income. So yes the income fits quite nicely as well.
Now, can you show me some creative ways to structure under Land Contract vs. Lease option?