The point of the program is to actually find buyers that can eventually by, as John stated earlier, Mr. Cantwell goes through the process of this type of deal with the intent to find an actual renter/buyer. With the monthly rent going through an escrow account via ACH. Everything is done with the intent of collecting the option fee from the buyer minus attorney fees and first months rent. Finding a good RE attorney that wants to collect on the closing and to have everything done through them stroking the documents that he provides as a base in the program. Yes I spent the $100 to get access to this program, so far it has been very comprehensive. Although it could have some important answers addressed, it does offer a great solution in my opinion for distressed sellers to have someone pay their mortgage and very likely buy the house from them at a fair market price. A great part of this is if you get the agreement at a great monthly price from the end buyer or option price, you can collect some passive income and potentially sell your option price for more and collect on closing. I don't like that his "number one" way to generate seller leads is through craigslist, he often says that buyers and sellers are best generated on there. I am very new at this but I can tell quickly that it is not so. I am currently seeking a mentor in the Las Vegas area, along with a good REA friendly to investors and a good title company as well that is owned by an attorney.
