Posted by JasonTX on December 27, 2000 at 14:33:50:
When you say," had they bought it at 11%" are you talking about your purchase price or the higher purchase price that you are optioning to them?
I’ve read some posts that talk abnout buying properties for 80% of FMV and Optioning them at 3% over FMV and then figuring payment at 11% interest. Is this what you are doing? You may want to look in the archives for the name Merle. This gentleman has been doing that for a number of years. He does long leases with his t/b (3 years).
Hope this helps,