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Probably depends on the price range.
If its a $75,000 property - its probably not a good use of your time. If its a $5,000,000 one - it probably is a good use of your time. Determine what your check is going to be - and then determine how many hours of your time its going to take. Determine your hourly pay rate - is this acceptable to you?
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Jennifer Karlen & Jon Karlen Kentucky Horse Farms - Louisville Kentucky Real Estate - Lexington Kentucky Real Estate Serving the Louisville KY metropolitan area including Jefferson County - Prospect Shelby County - Shelbyville Oldham County - Goshen, La Grange and the Lexington KY metropolitan area including Fayette County - Lexington Woodford County - Versailles Scott County - Georgetown Jessamine County - Nicholasville |
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I think it is a waste of time, statistics show that only something like 25% of the people actually buy the property that they lease option.
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I think if you can do it it isn't a waste of time. I have clients that started 20 years ago in 89K house who have bought and sold 4 times and ended up in 650K. I have people I advised to keep their house and add a room who have referred people to me every year. If you are so busy you don't have the time then don't do it, otherwise go for it.
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Dan Connolly Atlanta Georgia Atlanta Georgia Real Estate Atlanta Foreclosures Search for Atlanta Real Estate |
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