Be sure it states no where in there that it is a down payment.You will want to be cashflowing on the properties as well if your not and you have issues arise you dont want to be paying out of your pocket for a property that you don't even own(sandwich LO).I would definitely read up and ask a ton more questions on LOs and be sure to have an attorney draw up a contract as they can be complex if you are not familiar with them.

How to do structure a deal to where you don't take over the residence until finding a tenant buyer? I just bought and read a great book by Wendy Patton but if definitely left A LOT of gaps. I have serious interes...

He is an expert in LO's.....

Hi Dean, Brian is the master of LO.

Hello, I am setting up my first Lease Option deal, here in Texas, and all my reference material says I need a Lease Agreement with my seller. I understand the need for this, but my question is: What FORM to use? Do...

I would get a 1003 app filled out and see a mortgage broker, and pretend I had 3.5% down for a FHA loan.If the mortg broker said I had everything else, credit, d/e ratio, etc, I would consider the L/O for my family.

Some get started in the LO business by calling the forsale by owner ads in craigslist.

@Brian Gibbons, I've been scouring the forums on the lease option approach and I've noticed you are quite active in this category and recommend beginning with LO Assignment.

She told me that the L/O paperwork wasn't written to comply with today's foreclosure laws (which I think this is likely an eviction anyway unless title did change).

A land trust is another but being that I am still trying to understand LO and SF I don't want to make my head explode.NONE of these things involve rehabbing a property.