Rent back option for wholesaling?

[Joshua Lee Wegner]

Hi there BP! So I have a foreclosure that goes to auction on the 30th. I have spoke to the homeowner several times and he's willing to do a rent back agreement. Is this something I put in the purchase and sale agreement? And any other information that would help with this type of situation would be greatly appreciated. Thank you!

[Jay Hinrichs]

Originally posted by @Jeremy Diaz:

@Jay Hinrichs Buyers and sellers never need a ”real estate professional.” But I get what you’re saying...

 in this instance you have theory and reality..  but your right real estate can be transacted between parties don't need a lawyer or title or escrow company or agents or lenders or anyone but the two parties.. when foreclosure rescue lease back in our state was legal I did a ton of it.. and there simply was no time to involve anyone.. when the seller decided at 10am on Wednesday they needed to take Massive action and their foreclosure was scheduled for the next morning..  its hair on fire... prep a deed  get it signed and notarized have my secretary run it to the recorders.. hire a courier service to hand deliver cashiers check .. talk to customer service and get a date down so we basically knew our title position.. all done in a matter of a few hours..