Lease Option-tenant buyer-rent to own-real estate mistakes

What happens when Lease Option Tenant Buyers don't refinance you out of the house during their Option time frame? Well today, I'm having to take back a house that I should NOT be taking back. My Tenant Buyer did not close during their 3 year Option, and we couldn't agree on a new price based on the market appreciation. So, they consequently decided to move out. They gave me two ways they could leave: 1. Pay them for all the work they did to the property or 2.They could rip out all the work they did and leave. Notice the condition they left the property and further how good they were as tenants.

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00:00- Intro
1:03 - I had to take back this house I sold on a lease option
1:53 - What work did this tenant buyer do to the property
3:30 - They built a bar and a porch in the back of the house
4:53 - We sell houses to tenant buyers
5:35 - Let's break down the numbers on this lease option house
7:00 - What happens when lease option buyers don't refinance
8:03 - How do you set a price for lease option tenant buyers
9:10 - There is a hole in the side of the house-Exterior Inspection
10:40 - What repairs do tenant buyers do on lease option deals
12:05 - #him500 Quote that helped me with this deal
12:55 - What do you do when Lease Option tenants move out
13:38 - I made a bad decision that lacked integrity

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#leaseoptions #tenantbuyers #Takebackleaseoption #creativefinance    • Lease Option-tenant buyer-rent to own-real...