Posted by Russell Draper on August 11, 2008 at 12:43:02:
That’s all the info I have, aside from this:
Lease Option price: $35,000 24 months
Tenant pays Utilities and taxes
Tenant is repairing building.
Appraised for almost $50k apparently.
What else do I need to know?
New to NNN - explain this to me? - Posted by Russell Draper
Posted by Russell Draper on August 07, 2008 at 11:34:30:
I understand the concept, but how would the numbers work on this one:
Single Family Home
Cost: $30,000
Rent: $630 per month
Lease Option price: $35,000 24 months
How exactly would I determine my profit on this? At $630/mo that doesn’t add up to $35,000 in 2 years, only $15k, so where does the other $20k come from? Or is the rent above the purchase price and also profit?
Re: New to NNN - explain this to me? - Posted by John
Posted by John on August 11, 2008 at 05:07:23:
I’m confused with what you are asking. Your lease option price is $35k, you don’t mention what the payment on the lease option is. Rent is $630/month for the tenant ($7560 annually). Who pays taxes, ins, main, etc… Is your question about a NNN or is this a good investment?
Re: New to NNN - explain this to me? - Posted by Russell Draper
Posted by Russell Draper on August 11, 2008 at 06:36:20:
The listing doesn’t say what the payment is, do I expect that they will pay the $35k in full after 2 years in addition to the rent? It appears the tenant pays the taxes and everything else from what I can tell.
Re: New to NNN - explain this to me? - Posted by John
Posted by John on August 11, 2008 at 06:45:24:
Russell … call me so I can talk and find out what you are working with , 330-806-4761
Re: New to NNN - explain this to me? - Posted by Russell Draper
Posted by Russell Draper on August 11, 2008 at 06:50:18:
No time for calls, please email me or explain here.
Add Information - Posted by John
Posted by John on August 11, 2008 at 12:24:41:
Post all the specifics and we can all see what you are dealing with.