Lease Option Offer Accepted Now What? - Posted by Misty

import · March 22, 2001, 7:52pm

Posted by Misty on March 23, 2001 at 18:31:36:

Thanks everyone!

import · March 22, 2001, 7:52pm

Posted by Misty on March 22, 2001 at 20:52:28:

Ok, I got my first lease option deal underway and I’m as excited as you can imagine!!!
The quick scenario is as follows:
47500-asking price-ok
monthly rents are 875
offered him 560 and will pay for insurance and tax
plus paid myself 1200 a year for management plus approx. 500 for extras…
He called me tonight and I think we are both happy with the offer, it’s for 5 years!
This house I think I will keep for myself because he’s going to give me 65% rental credits so after 5 years I will give him 24000 cash, gladly…
Now, do I need to get a lawyer now? And what about the security deposits? Does the owner keep them? Do I need to put anything about those in the contract?
Your help would be very helpful!!
Also who’s lease option course should I get?? Kaiser’s, Bronchick’s, Jeff B.'s???
Thanks!

import · March 22, 2001, 10:52pm

Re: Lease Option Offer Accepted Now What? - Posted by john mathis

Posted by john mathis on March 22, 2001 at 23:52:38:

those guys have great courses, but try Lloyd Penrod
at nfinance@napanat.net> Great course only $25.00
bucks.

import · March 23, 2001, 6:36am

Re: Lease Option Offer Accepted Now What? - Posted by Misty

Posted by Misty on March 23, 2001 at 07:36:57:

Thanks john! I apprciate that!!

import · March 23, 2001, 6:47am

Re: Lease Option Offer Accepted Now What? - Posted by Greg NY

Posted by Greg NY on March 23, 2001 at 07:47:50:

Bronckick has an e-course book on his site (www.legalwiz.com) for only $39.

import · March 23, 2001, 10:50am

Re: Lease Option Offer Accepted Now What? - Posted by Joe

Posted by Joe on March 23, 2001 at 11:50:40:

This is not just an e-course book either it is the actual book from his Lease Option tape course.