Courtney_Worthington
03-14-2011, 10:18 PM
Hello - my name is Courtney Worthington. I have a question. I have a contract with a Seller for a lease option to buy for $150,000. I have a lease option to sell to a tenant-buyer for $160,000. How do I structure this deal so that the buyer can get financing and purchase from me if I've only just purchased the property from the Seller? I am concerned about the seasoning issue with the tenant-buyer's bank.
What about a land trust? How would that work? I am looking to purchase from the Seller the same day as I sell to the Tenant-Buyer.
I have another question. I was told that in order to give the tenant-buyer credit each month for part of the rent as a Seller Concession, that I will have to get a rent appraisal done now. Has anyone heard of this?
Sincerely,
Courtney Worthington
Real Estate Investor
What about a land trust? How would that work? I am looking to purchase from the Seller the same day as I sell to the Tenant-Buyer.
I have another question. I was told that in order to give the tenant-buyer credit each month for part of the rent as a Seller Concession, that I will have to get a rent appraisal done now. Has anyone heard of this?
Sincerely,
Courtney Worthington
Real Estate Investor