[Gita Patel]

Gita Patel

Hi Jackie,

Could you please assist me with the above? It is either going to be master lease option or HBS. What paper work do I take for HBS?

thanks,
gita

[Gita Patel]

Gita Patel

Thank you Jackie!

[Gita Patel]

Gita Patel

Hi Jackie,

I am fascinated by this. Did you post anything on this site after the event? Where can I find it?

thanks,
gita

[Gita Patel]

Gita Patel

Jackie,

I am going to meet with the sellers this weekend.

Their current mortgage is variable rate – 2.75% at the moment. they have 50% equity in the property.

they are tired of being landlords – something always needs fixing and they don’t want to deal with the headache anymore. They do not know what to do with the money. ( I can turn them into private lenders!)

My thoughts are:

1) Do a master lease option for 3 years with 2 year extension. The tenant buyer takes care of all repairs etc.

2) Contract for deed

3) HBS

What paperwork should I take with me?

thanks,

gita

[Gita Patel]

Gita Patel

Thanks Jackie.

I think Master lease with option to buy might work and I can create a $300 month spread and I was thinking of cutting my teeth on highest bidder sale on this property. it is perfect for that.

thanks,
gita