I have a buyer that is interested in doing a 'lease to purchase'. I am in need of funds and was wondering if any investors would be interested in buying from me at a discounted price and selling it to this buyer at the end of the lease. I just got the offer and still working out the details but here is what I am proposing to the buyer,
Rent - $2,500/month
Rental premium - $1,000/month(non-refundable, credited towards down payment at closing).So, total rent is $2,500 + $1,000= $3,500/month.
Option fee - 5% of sale price(non-refundable, credited towards sale price at closing)
It is a great custom home built in 2006, 4091 sq.ft, tons of upgrades, feeds into excellent schools, upscale neighborhood, comps are at $110-$120/sq.ft.
If interested please shoot me an email at krispatx@gmail.com