HI all
I have a newly built house, cost me about $205,000 for the home + land pack. All up purchase/build/interest cost is say $215,000.
If i were to sell today I would like to see for say $230,000.
Someone has asked me if i would like to do a Lease Options. He would like to rent from me now (rental normal is $290pw). He would like to consider buying the house in 2 years time with the lease options. How much do i charge him for the rental plus the options?
How does it work. Anyone done it before?
I have a newly built house, cost me about $205,000 for the home + land pack. All up purchase/build/interest cost is say $215,000.
If i were to sell today I would like to see for say $230,000.
Someone has asked me if i would like to do a Lease Options. He would like to rent from me now (rental normal is $290pw). He would like to consider buying the house in 2 years time with the lease options. How much do i charge him for the rental plus the options?
How does it work. Anyone done it before?