I finally did my first Lease Purchase deal :-) - Posted by Terrance

Real Estate Investing
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Posted by Terrance on March 22, 2000 at 23:23:15:

Thank you. I am now so motivated that I can’t wait for tomorrow to do the next deal. I see myself doing this fulltime inthe next 3 to 6 months

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I finally did my first Lease Purchase deal :slight_smile: - Posted by Terrance

Posted by Terrance on March 22, 2000 at 18:46:20:

I just finished up my my first deal. I rented a small 3 bedroom cottage from the owners. I ran some ads and 12 days later I made $3300 in option money money up front and $165.00 per month for the next 2 years. I think I love this business. It was a little scary in the beginning but it can be done.

Terrance

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Re: I finally did my first Lease Purchase deal :slight_smile: - Posted by Mark-NC

Posted by Mark-NC on March 22, 2000 at 19:02:23:

Terrance,
I hope that was a misprint or mistake when you said your rented a property then lease optioned it.
Unless you know something I don’t, You can’t do it that way. It either has to be a sandwich lease option or some other type of Note or mortgage instrument that ties you to the property other than a rental agreement.

Mark

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Way to go!! Many more, I’m sure!!! (nt) - Posted by George(OH)

Posted by George(OH) on March 22, 2000 at 19:02:04:

nt