It's an eBook with a wealth of information on setting up these plans, including many of the rules, pitfalls, legal interpretations, numerous links, as well as a sample LLC operating agreement useful, apparently, in Arkansas.

You can then make it clear to them that you plan to exercise the rest of your lease and make arrangements for where to make rent payments ,and show them your lease if asked.

Then you exercise your option and purchase the propertiesThis might be a little more difficult with more moving parts, but it is a possibility.

There are several factors behind this; two of the more prevalent are the {relative} size of the real estate markets in Canada and the banking regulations requirement for lenders exercise of fiduciary care to protect the equity of the owner & sell the property at FMV.

Thanks again for the post.Liam, one thing I would suggest is ask your realtor for a sample HUD closing settlement statement from another one of their closings.

Therefore, the enterprise, which in the case of our sample is the homeowner of the free and clear home, has a present obligation (the payments of taxes, insurance, utilities) arising from past events (the purchase of the property) who is gaining an economic benefit (place to live) resulting from the outflow of resources (cash paid out) from the enterprise (homeowner),So while I agree the homeowner is gaining a benefit and also has equity in the home, the property itself remains a liability until that home is sold or somehow produces income in excess of the expenses.

You would have to exercise your option and immediately sell the underlying property (of which by exercising your option you have just obtained ownership of) to complete the transaction.The owner of the property would have to sign a warranty deed transferring title to you.

So in that regard, the cart is in front of the horse here and sort of the plantation.In my experienced opinion buying many loans from various counter-parties including banks, investment funds and other institutional type sellers, this plan on this asset is more of an exercise in futility than anything else buy both the OP and this company.

Sample two; I same owner as above would carry the Note say for 500K himself for 3-5 years with nothing down, and I go to refinance after that 3-5 years, IF the building appraises high enough (550K?)

I'm looking for a sample letter to include with a municipal fine I'm going to mail a tenant.