Does this deal sound ok?

General Real Estate Investing
1

I am looking to get a house by lease option. The lease option is for 5 years.
The house is worth 230k right now but she says she wants to sell for 290k. She says at the end of 5 years it will be worth that.

House is 1200k sq ft — iN 2006 IT WAS WORTH 350K

Is this a good deal?
What if I want to exercise before 5 years is up and its not worth 290k she wants.

2

Check the mirror for a sign on your forehead that says, “Fool”. Apparently this woman thinks you are one. :rolleyes This woman, is she a certified psychic?

3

HELLO

I agree there is no way this woman can say what the property will be worth in one year let alone five

And just because the property was worth so much more back in 06 has nothing to do with now or the comming years

Set a price now with a option to buy in a year

But not for her price do your due-dill on the property and make it from there

And base it on facts nothing else

And if it it is not what she wants move on this is not the only property out there

But do not be taken either

4

seems alot of people thought housing was going to be worth XYZ in Year so and so

Now lots of them owe more than what market can bring

would you like your name added to that list???

5
The house is worth 230k right now but she says she wants to sell for 290k. She says at the end of 5 years it will be worth that.

Ask her if she knows the winning Lotto numbers for the next couple weeks. Better yet, tell her to ask Elvis what they are, I trust him.
:anon