I’m a newbie to lease options or rent-to-buys, but am exploring it because it seems to be a good cash flow positve generating technique.
I’m after some advice and comments, especially in a South Australian context.
1. Can the purchase amount be any different to a dollar figure? (Hence the legal forum). Can the option agreement stipulate something like… “The amount as determined by a Certified Practising Valuer of such & such company for mortgage purposes, as at the date of option excercise”??
2. What type of properties do lease options work best on? Are they only good for those cosmetic renovators, before finding the tenant?
3. Ideal option and lease term in SA??
I would be interested in hearing from people out there, doing it, especially in the Adelaide region.
Regards
Investor1313[blush2]Why not send a PM to Xenia “DR X” from the forum she is a SA gal and a local who specialises on LO’s in the State.
Look her up on the member search.
Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720 1888
[email protected]Richard Taylor | Australia's leading private lender
Thanks for the post Richard.
I have been in contact with Xenia.
No other LO experts with advice on some of my questions?[confused2] Help on questions 1 & 3, would be greatly appreciated.
Investor1313
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