In this week’s edition of Ask Ron, Ron is answering our Gold Club members’ questions regarding: deal structuring, owner financing, and IRS Liens.
Thanks to Gold Club Members: Rett Rowley, Danny Ortiz, and Fernando Diaz for writing in!
2018-06-01 Ask Ron
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R
Can anyone help -I’ve purchased a property via lease with an option to purchase.My question is how can I sell so the buyer gets credit for the payments they make.Since I don’t own the property I don’t think I can sell it using a owner finance instrument.Jason from Indiana thanks. My email isjjtite47501@yahoo.com
Jason:
You haven’t purchased a property. You are a renter that MAY buy. That is different from a buyer.
What you can do is a sandwich L/O. Put a tenant buyer into the house with different terms than yours. If you T/B exercises their option, you exercise your option. Double closing or sell the contract to your T/B.
Nurse Marty