All Forum Posts by: Tod Foltyn

My background is in IT as a Systems admin and I've had my hand in a lot of other smaller business ventures. Now i am really trying to learn as much as possible about REI so i can put my best foot forward. I'm just about ready to take the next step, but i need some clarification.

I've been up and down forums, blog posts, videos and books and I am still unclear as to exactly what paperwork is needed for wholesaling lease options.

I'm Located on Long Island, NY and want to get this all straight before i begin calling leads.

I guess my main questions are as follows...

1. Do i need a separate lease agreement and separate option to purchase, or should it just be one solid document?

Separate

2. Is the letter of intent something entirely different from the lease and option to purchase?Is it a necessary document?

It is a Meeting of the Minds and acts as Escrow Instructions

Seller Side

1. Letter of Intent

2. Option

3. Lease

4. Memorandum of Agreement

5. Release Mortgage Info

6. Option Release Doc

7. Seller's Acknowledgement

Tenant Buyer Side

1. Earnest Money for Lease Option

2. Lease

3. Option

4. Option Release Doc

5. Tenant Buyer's Acknowledgement

@Josh Caldwell

hey brian can you explain what numbers 1 & 6 in the seller side list are for

thanks

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hi everybody im just starting out investing in real estate in New Jersey and im looking for any investors with 'subject to', lease option, owner financing experience to network with. it would be great to find a local mentor / coach or any experienced contacts in my area / i would really appreciate any help or advice / networking. Im trying to put a great team together.

thanks

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hi everybody im just starting out investing in real estate in New Jersey and im looking for a local mentor / coach or any experienced contacts in my area / any help or advice / networking. I've been learning about the 'creative' end of things so id like to meet people with experience in this area (most specifically 'subject-to' deals, also lease options, owner financing etc). thanks.

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hey michael im looking for the same information did ever find the paperwork that you were looking for ? and did you get the deal done ? can you share the details & how it went ?

thanks

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All Forum Posts by: Tod Foltyn

Tod Foltyn has started 5 posts and replied 18 times.

Post: looking for NJ investors with 'subject to' experience to network

Post: Anybody Have Experience With Subject to In New Jersey/PA?

Post: Investor friendly Attorney and or Title Company

Post: Investor friendly Attorney and or Title Company

Post: Wholesale Lease Option Paperwork

Post: looking for NJ investors with 'subject to' experience to network

Post: Hi from NJ New Jersey

Post: Anybody Have Experience With Subject to In New Jersey/PA?