You don't have to put the option fee down and you still get a pretty big pay day if you are successful. 3-10% on million dollar transactions adds up if you can bring it to the finish line.

It could be a huge payday for them.

Hope it leads to a big payday for you.Bringing a developer along can't hurt.

It's tougher and can be a bit riskier(better be eating ramen for a few months), but your payday comes sooner and you could then repeat or turn it into 3-4 rental properties if you did it correctly.

Flippers like to work on a properties where they can make a bigger pay day at the end.

You are worried that you might sell the house for a big payday and would have wasted the closing costs on a refinance.

It's likely (and a common practice) to buy a money order when you have the cash on payday so it doesn't get spent before the rent is due.

For example, if there is a bunch of student loan charge-offs and some older credit card and/or store card problems, that will effect my judgement of those applicants somewhat differently than payday loans or rent-to-own problems.

Here are my typical policies: I do not pay up front, but Friday is payday.

Example: if you go to a payday loan site that sells your reg data...I probably have your name, address, phone, and email.3.