cherylParticipant@cherylJoin Date: 2003Post Count: 10
I have a property in a regional town that is currently rented out. The tenant is moving on in June and I am considering doing a LO.
I purchased the house for $87,000 in February and am wondering where to start with doing a LO.
What is a fair asking price for the house, what rent do I charge, what is the first step?
Thanks in anticipation.TerrywParticipant@terrywJoin Date: 2001Post Count: 16,190
There are a large number of ways you could structure LOs.
eg charge them $50 pw week extra rent and then give the tenant a discount onmarket value whne they purchase. it could be a dollar value ie double teh extra rent they paid as a discount, or a percentage value discount.
There are other examples in Steve’s book.
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