ambitious1
02-02-2008, 02:50 AM
Well here I am again, excited nervous this will be my first transaction, and I would like to structure it to favor the buyer, which would be me). the home is located iron AZ maricopa cnty, I have talked with the seller in getting him to accept a lease option, currently there is no deadline however personally for me I would like to present on in 1 wk, this is the math I have worked out, and somebody please feel free to place your imput and or criticism, it would be a learning lesson, back to detail, right now am in the process of doing my due diligence the home is 2800 sq ft I would apply 1750 mo, with 200 in rent credti to be applied with 5K as deposti, and 1$ to exercise the option, 1 yr will total 2400, = 7400 off purch price, or 2 yr term which would equal 9800 off the total price, in this area the home would apprecitate in value over time, it is still a growing area, and is not heavily satureated with inventory right now. my question is what am i leaving out, and do i determine the value of the home these homes can be sold for 4-500K, help me please.