It does sound a bit one sided. If you draft the conditions properly then there’s no reason you can’t give him all the time he needs while also making sure that he is not just a tire kicker. You risk a fair bit if you hold the property for him for 8 months and then he walks away from it. It’s reasonable for you to ask that he actually put some skin…[Read more]
JBC replied to the topic Lease options – increasing sale price for long option period in the forum Creative Investing 4 years, 6 months ago
@Property-Trader Jason thanks for your thoughts. I have heard time and again in relation to these structures that they have to be win-win deals and it’s about the people first and foremost. I’m not out to screw anyone over but this is going to be my first lease option deal so I probably do need to make some corrections as I go.
When I said 25%…[Read more]