I’m currently lease optioning an investment property and I’d like some advice from a seasoned vet on how would I conclude the transaction after an agreement has been signed between both parties…
Basically the deal is structured like this
Gross rents-1800 month
property mgmt-180 month
Their upside is that their going to reduce the expenses to about 75$ per month after putting in separate meters
Now how do I finish the deal after getting the buyers down payment of 5%
Put it in a trust OR LLC?
Record a deed with the new buyer on it?
Have an attorney draw up a contract for deed which protects me?
None of the above?
Please advise, need the opinion of someone with experience, thanks and Much success to you.