CraigsList Ain’t Playin’
Last post I wrote about how I had a Lease-Option deal that Joe McCall said that should go fast.? Well…that story is probably going to be different now.? What-had-happened-was…we were playing phone tag…and by the time we did get in touch with each other, I was in the car and didn’t have my contracts in front of me.? So when I was telling him the rents, option price, credits, etc…I started to confuse some of the numbers with other stuff I have going on.? And I coincidentally, errorred on the good side.? So, there’s a chance this deal Lease/Option deal that I have in STL may not be so good after all.? That’s the bad news.? The good news is, if I don’t find a tenant-buyer for it…chances are it will turn into a short-sale and I can still do something with it.? Also, the good news is…now that I know Joe is willing to work with other investors for a 50/50 split, I’m confident I can find another couple of properties that will work for his buyers (I’m learning that finding the properties in the wholesale lease option game is the EASY part).
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