Posted by John on March 14, 2002 at 18:17:56:
Hi all,
well the guy from my previous post called me and asked if I still wanted to see the property…I said sure… (15 second walk from here :-)) ) He’s asking 418.000 FMV is 365.000 - free and clear.
Anycase this is what I plan on offering.
Purchase price 375000
Option consideration? Small as possible Max 500
Rent 1200/mo with 50% credit
Term 4 + 1 + 1 years
I’ll take care of maintenance and repairs up to 250 any given month (house is 4 years old)
Payments to start when I get a T/B’er.
Will sell for:
Price 400.000
Option consideration 25.000 (might lower to 15.000 if warranted - ie: cash in hand.)
Rent 1420/mo with 25% credit (i’m too nice I know)
Term 2 + 1
Guess who pays up to 250 for maintenance and repairs in any given month? 
Let’s see if he’ll play ball - if not I’ll talk the one that really counts - his pregnant wife…
While I’m at it:Joe Kaiser…great to see your back and kickin’ butt. Hope someone more will follow - we need y’all here!
JohnBoy: thanks - great posts and co. Was hoping to meet you in Atlanta - 'twas not to be - unless I wanted an extra hole in my head… maybe in 2003.
Ciao