Lease Option Tenant Needed in Atlanta, GA

[ryounger]

Hello all! I need some help regarding a lease option. A good friend of mine who is carrying 2 houses (which means 2 mortgages in Atlanta) is looking to lease option this property. He won't be covering the entire monthly payment with the proposed rent amount but that would take some of the burden off of him and his wife having to pay the entire amount. Any help would be greatly appreciated on this one.

Here are the details of the house:

Built in 2004
5 bedrooms, 3 baths
Located in McDonough (Bristol Park subdivision)

$1200-$1500 per month for rent
$3500 deposit

House is worth $240,000 will sale for $215,000 at the end of 2 year lease agreement.
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[AIR]

just buy it now if you want it. What is the point of the lease option? Are you not sure if you want the property? Your aware you will loose the option money if you don't excersize the option.

[ryounger]

LOL! I am not trying to buy this house. I live and invest in Chicago. My friend needs some sort of solution. He hasn't been able to sell this house. It's in great shape-it's brand new. I am doing this strictly as a favor to him to help him out.
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[AIR]

gotcha! Advertise the Lease option you will have people beating down the door.