Guru, Book, & Course Reviews
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 18 years ago, 01/14/2007
John Alexander Inverse Ownership Program
Has any one heard of the John Alexander program? I need to know if it is legal in all 50 states. To simplify how this works, I look for FSBO homes, and contract with the owner for a price. I then find a buyer and contract with him for a price. Then I turn the final purchase agreement back to the seller and the buyer. I submit an invoice to the title company for the difference i negotiated with the seller and the buyer. That is my profit. I need to know if this is legal in Indiana? Can anyone help me with this?
#2 Questions About BiggerPockets & Official Site Announcements Contributor
- BiggerPockets Founder
- Maui, HI
- 5,815
- Votes |
- 16,121
- Posts
#2 Questions About BiggerPockets & Official Site Announcements Contributor
- BiggerPockets Founder
- Maui, HI
Please see: http://forums.biggerpockets.com/viewtopic.php?t=5629 for info on this program.
I actually used all of the forms that came with the course after taking these to my lawyer and having him look it over. He then re-wrote the paperwork for me so I would have no problems with the title company.
I recomend that you go to your attorney first to get this done. You need a real estate attorney. Believe me, its well worth the price. Also, you can close these deals through his office which might save you money in the long run.
The inverse program does work and I recommend doing it as close as possible to the way its recomended in the course.
rochelle
