This is called lease to own.Understanding the mechanics of lease to own assignments I think varies from state to state.I coach it nationally.But I call them “terms deals” which includes subject to, installment sales, wraparound mortgages, joint venture partners, private lenders, land trusts and more.In most states, if you enter into a lease and an option with the seller, and you’re an agent, and you fully disclosure an agent in your acting as a principal, you’re good to go as far as a business model.There are some states were lease options have some restrictions like Texas and North Carolina.

Wholesaling formula is 70% of after repair value minus repairs minus your feeYou might consider doing a joint venture with the seller where you buy subject to the existing financing, use private money for the repairs, give them a note for their equity after you subtract real estate commissions and closing costs repairs and your fee of 10,000

@Mark BroganThanks Mark@Clive ClewerThe system seems to be a guru wordYour job in Real Estate Investing is to pick residential or commercialChoose to be licensed or notSo your toolbox up with Wholesaling, and fixing flips, subject to, lease options, installment sales, private first mortgages, joint ventures, and learning how to negotiate with sellersLet me know if I can help you with that

If they own 25% or more of the LLC or partnership then it would count.Type of Property Ownership to include in Financed Property Count: Joint ownership of residential real estate.

The seller would have to be crazy to do thatINSTEADOffer a joint venture with the seller where you bring private lender money in for the 10,000Give a note with no payments for four months to seller on the JVCalculate 10% for Sales Costs or 15,000Earn 10,000 for the freeSo subtract across from the 150 ARV-10,000-15,000-10,000 = 115k net to sellerThat helps the seller and helps you to make more moneyDon't be a one trick ponyBe a transaction engineer

To bad toooo many "wholesalers" sign Joint venture or co-wholesale agreements. then they end up brokering without a license and that is illegal.

We are just starting out in rental properties so with it being a joint venture I naturally start looking at how the $700 rental income is going to be split.

I am looking for an investor in the LA, OC,SD,RIVERSIDE and other locations to flip homes with a team of professionals we all have experience in are own triads we are a team of 3 and we are looking for are 4th member we have a contractor that will beat any ones bid with highend finish we have a sales rep with clients ready to buy the property as soon that we finish and finally my self I get property's from contacts I have built for the last 12 years as a loan officer and we are looking for are cash flow investor I have a line of credit to buy property but we need cash flow for escrow deposits and down payment we cover the starting money for the remodel we are willing to pay top $$$ for the investor we can negotiate on a per-deal basis or a joint venture I try to get property's that have 100k in equity and up we have a turn around time of 60 to 90 days but we push to get it done in 30 to 45 days max e-mail me to [email protected]

Here are 6 simple rules to follow when buying "C Class" property which should help sleep better at night...Rule #1:  Find a Local Joint Venture PartnerNothing beats boots on the ground, especially if you are investing in place where you do not live. 

I mostly want to know the benefits of pre-approval jointly or separately with my spouse.