Ok I have found some buyers and my main buyer has 25k to put down as an option and can afford $1300-1400 per month she would like a 4 bedroom. I also have an investor I have partnered with that can pay cash. So my thought was and please give me any advice and encouragement as possible back to my deal my thought was I would send her with my agent to look at houses which would be foreclosures, have her pick at least 5 out she likes. Then I would have my partner buy it for around $100k then sell it to her as a lease option for $160k with $25k option payment and $1300 month for 3yrs with a $100 rent credit.
Purchase at $100k
Sell for $160k
Total profit $60k/2= $30k each
Buy for $160,000
RC $3,600 100 mnth 100x12x3= $3,600
Does anyone have suggestions on how to do this differently or is this the best way? Any and all advice greatly apprecitated. Have a great day.