All Forum Posts by: Nissean Johnson

Thanks for the clarification guys. :groovy:

Jon

Yes it is pretty much a lease option, I quess some investors have diffrent guide lines but if you have a motivated seller that needs to move for some reason and can not sell the home, you take over the payments on the existing mortgage. The tenant that you have in line moves in and pays the mortgage at the price you set. The tenant would pay and option fee and first months rent to move in. They would pay the rent for a year that will go towards the down payment of the purchase. In that year the tenant would try to get themselves together to buy the home. If they do buy the home you would get a good cut from the purchase. :groovy:

Are there any investers on this forum specialize in subject to properties. If so how much business are you getting in your market, and what is the hardest thing for you acquiring these properties. :groovy:

Well guys I am starting out and my biggest fustration is being at the right place at the right time, being new and inexperianced and not knowing very many people in real estate, others have no use for me, which I can not blame. But I am going to keep on keeping on until an opportunity comes. :superman:

I just want to say Happy Easter everyone! And I wish everyone the best !

That does make a lot of since, I will try to do that from now on.

Mr. Warren

Thank you for the tip, I guess you can not go wrong when food is involved.

I am going to set up a lunch meeting that I will pay for with one of the board members, since I have not been in this club long enough to know who the good investors are, I figured I can speed up the process with setting up a meeting with a board member. Thank you all for the help!

Thank you and I will keep you posted.

Amen to that lord knows I tried!