This week, Ron answers your questions on sandwich lease options, structuring deals, closing and attorney’s fees, attracting buyers and much more!
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Ask Ron 2015-08-14
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@1:40
Ron, please elaborate more in detail. If the tenant has been paying rent for 3yrs, how is the cost of the home still at full price? I thought their monthly rent would decrease the total amount from the house. Unless we are just collecting rent money and not crediting it towards the mortgage…?
Would be good for you to watch the video again. The rent has nothing to do with the price of the house. It’s just rent. The upfront payment is factored into the purchase price for your Tbyr. If you L/o the house for 200k and you get 15k from your TBuyer then you sell for 215K. This shows credit for buyers upfront on HUD 1 form if they actually buy the property. The rent goes toward making your payment to the seller/mortgage. If you have any left over after….that’s yours to keep. Another payday. Do not give the Tbuyer any rent credits from the rent. Hope this helps. Good luck!