Posted by Lee Judd on October 06, 2003 at 15:21:00:
Sale price on house is $60,000, tax appraisal is $92,000. 3/2 house with no garage. Current rent for area is $700-800. How does a lease compare to rent prices?
Pricing leases - Posted by Lee Judd
Posted by Lee Judd on October 04, 2003 at 20:24:33:
I’m new to the real estate investing world and I am would like to know how to price a lease. I have found a 3/2 house. Rent in the area is about $700-$800. I would like to do a lease/option on the house but I am not sure how much the lease should be. I would really appreciate any info.
Also, when doing a lease/option should the owner pay taxes and insurance or can you have the leasee pay that?
Thanks
Lee Judd
Texas
Re: Pricing leases - Posted by Joe
Posted by Joe on October 05, 2003 at 07:53:38:
Need much more info on the house (and how the contract is drawn up) to determince lease price. Also, many times(depends on contract) the contract covers the home-owners payment, which is everything, PITI. Just be sure contract states this.
Need Help Pricing leases - Posted by Lee Judd
Posted by Lee Judd on October 04, 2003 at 21:57:56:
Any comments would be greatly appreciated.