Should Tenant/Buyers look for properties? - Posted by POP

import · April 12, 1999, 9:43pm

Posted by ADAM on April 13, 1999 at 12:55:58:

SIMPLE… FIRST TRY TO GET THEM PRE-APROVED
IF NOT FRUITFUL THERE THEN DO THE MATH FOR MONTHLY LEASE OPTION BUY IN AT TWO YEAR

import · April 12, 1999, 9:43pm

Posted by POP on April 12, 1999 at 21:43:04:

Hi everyone

I want to have the tenant/buyer for a lease/option locate the property that they want to live in and then I will step in and negotiate for the purchase of the property.

Should I tell the tenant/buyer that they will only be able to get properties that the owners will sell for 85% (or less) of FMV (I can get a loan at 7% interest up to 95% of LTV, in addition to any option consideration from the tenant/buyer)?

I want to avoid the situation where I may get a property for 85% (or less) FMV and then not be able to lease/option it to someone.

Is this a good/bad idea? Why? Advice would be appreciated.

Thanks

POP