Posted by BrentonAZ on January 24, 2001 at 24:13:20:
I am about to obtain a lease option. This will be my primary residence. I am going to buy it at the end of my option for $75000(it is appraised at $105000). The house does need fix up but nothing major. How can I structure this deal so it works for both parties(the seller and I)? The way I thought of so far was to pay half of the monthly payment for about 3 months until I get it fixed up, is this a good thought or is there something better? The other question I have is after I
am settled is there a way that I can use this vehicle to buy other properties somehow or is that not a good idea? One more question, when I do go for financing is it a good idea to finance for the whole appraised value?