I am looking to put together a SLO deal on a property like this:
My purchase price: $445K
Two year lease @ $460pw
I will look to lease/purchase to a tenant buyer at:
purchase price: $480K
rent: $600pw
rent credit: $100pw
deposit: to be negotiated, hopefully at least $10K
Now, because this is a more expensive property my concern is if the tenant/buyer defaults I could be stuck with the outgoings.
Does having a fixed term tenancy the same term (2yr) as the lease mitigate this risk?
My purchase price: $445K
Two year lease @ $460pw
I will look to lease/purchase to a tenant buyer at:
purchase price: $480K
rent: $600pw
rent credit: $100pw
deposit: to be negotiated, hopefully at least $10K
Now, because this is a more expensive property my concern is if the tenant/buyer defaults I could be stuck with the outgoings.
Does having a fixed term tenancy the same term (2yr) as the lease mitigate this risk?
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