If someone could post a sample contract that would be much appreiciated :cool:

Something with a community center including, pool, exercise room, etc.

If you are holding your property shorter term, then going through the cost seg exercise could be a way to make a marginal property work.

Lastly, there is a quit claim deed signed by the borrower and the borrower gives the lender the right to exercise if they fall 30 days behind.That is how our deals are put together and lenders provide long term loans to our borrowers.

Depending on your state laws and the way the contract is written up, the eviction process is exactly the same until the option is exercised.

Does anyone have samples of contracts that you would need to carry out a wholesale lease-option deal?

There is one company that takes it to the extreme and has removed all sample houses on their site and makes little to any reference to cash flow because they want clients that only focus on the ease of doing business.

(provide the mortgagee clause in the letter) In the letter inform the borrower that failure to complete the action and forward the correct documents to the lender will force the lender to assume the property is not insured and the lender will exercise their rights within the mortgage and note to insure the property.

In short Renae, this is a chance for you to exercise all you have learned in theory, and to learn all not taught from actuality, to work hand in hand with a cash investor, learn it from our side, learn and speak with active wholesalers, and to earn while you learn.

I planned to attend just so I could exercise the money back guarantee.