I signed my first rent to own (lease option) last Thursday. Bought home for 65K, put 15K into it, 6k interest, renting it for 1600 a month with a sale price of 160,000. Rental does not go towards purchase price.

I got a lot out of reading A LOT of you all messages THANK YOU all this was great nuggets..

Finished my first rehab to day in Cleveland OH. Property manager walks it next week. I’m out of state.

January goal of $50K reach and passed!

Here's a template for a Letter of Intent (LOI) that I use, after speaking with the seller or the agent, that actually has four separate offers broken down for the seller to choose from. Presenting multiple offer options in an informal letter of intent can be highly beneficial for both parties. For sellers, it offers tailored solutions that align with their unique circumstances, providing them with control and peace of mind. For buyers, it increases the chances of offer acceptance and demonstrates flexibility and market savvy. This approach enhances the overall appeal of your offer, making it more likely to stand out and be considered seriously.