@Marcus Maloney     @Brian Gibbons  is not as attractive as me but he's forgotten more than I know....You talk about wholesaling a LO...but then you come in with the owner's financial data....I think you need to get a clear understanding of what you are wanting to do...Are you wanting to tie these up then ASSIGN a contract?  

We have a friend in California who thought he was getting a Bargain on a Los Angeles city corner lot at a tax lien sale.

My only question is how would a LO trigger the due on sale clause if the title was never transfered?

I completely agree it's a no equity deal, but there is value in a LO to a buyer who can't get financing.It's a condo so there's not much more then flooring and paint :) $5k is actually probably high.

In that situation Andrew would just be able to evict the tennants and not have to forclose (if he used both a LO and rental contract).

So with a LO you don't actually own the property you just have some contractual control over purchasing it at some point in the future.A Sub2 you actually close on the property and take title in your name, meaning you are the owner of that property.

Which is silly, because those statutes require things that do not apply to a LO....such as...yearly amortization report....ummm...hello uneducated law makers.....there is no amortization with a LO......there is no loan or note created...anyway..I could rant about that for a while...

I keep coming across Pretty Houses, primarily in Sugar Land, where the seller is not motivated to do a Wholesale deal but might consider a LO.

I'm a LO out here in CA, and I don't know how they are getting to 80 LTV, but if they are, then what you're getting is totally solid.I only know of 75 LTV max for C/O refi on investment property.Just my .02

It's not impossible, but there's a very small percentage (I'm thinking single digit percentages) of sellers that list on the MLS who are willing or able to do a LO.