Lease Options and Dodd Frank

[Jason Hernandez]

Hey Guys,

I am looking at getting my business set up here and have been doing a ton of research here, on other sites and listening to the Guru's Ron Legrand, Joe Mccall, and others. I really like the idea of lease options and wholesaling lease options. One major change with the new Dodd Frank law is that you can't offer rental credits towards down payment. I was wondering if I have a credit challenged tenant buyer, if it would be ok to have them set up with a separate down payment program through an escrow company, so they have the money to put down in the end. Another concern I have is how difficult is it for them to get financing for an FHA, VA, or other federal loan programs if we double close due to seasoning restrictions. Any ideas or thoughts are much appreciated.

Thanks,

Jason Hernandez