Wholesaling Lease options

[Rachel Atim]

Hi BP,

I have been reading up on creative forms of real estate investment and came across Wholesaling Lease Options. I intend to get into it once I have more information on the topic.

I am operating from Finland and would like to ensure that all things run smoothly in the process. I am doing this with little or no money down. I would like to use an attorney and an escrow company to ensure the contracts are written in win-win-win formats, to ensure that the tenant buyer is capable of purchasing the house within the next 1-2 years and if needed enters a credit repair program.

If I am to apply an option fee of 3-5% can I also add the costs of the above services as part of the assignment fee? Or would that have to come out of my pocket initially then be reimbursed by the assignment? Additionally, if the deal falls through am I to be left with the legal fees?

Regards,

Rachel