Minimum Criteria Checklist formatted in a table suitable for a Microsoft Word document. Minimum Criteria Checklist for Lease with Option to Buy House Address: ________________________ Applicant’s Name: ____________________________ Part 1: Automatic Rejection Criteria Applicant will be automatically rejected if ANY of the following are present. ✅ Criteria ☐ Applicant’s total gross household income is less than 3x the monthly […]
Lease options are popular with real estate investors. Everyday we use leases, options, and notes to prepare agreements for sellers and buyers. To keep things simple, we can buy on lease option or sell on lease option. When we buy on lease option we generally either do one of two things: We can either buy […]
Negotiating the Deal for a Sandwich A sandwich is a sandwich lease option or a sandwich land contract. You’re acting as a middleman. So here’s an example. Let’s say the property is worth $100,000. Market rent is $1,000 a month. When you do the sandwich, you have to negotiate a sales price less than $100,000 […]