When I say quality, a quality person renting a sub quality place isn't happy, if they have a situation like a foreclosure through four years ago and they want to be homeowners again, they should be willing to jump through some hoops as far as rebuilding your credit historyAlso I mean quality is far as the quality of the location and the quality of the house that's for rent, many houses for rent are crap, and the best school districts and safest neighborhoods are only houses for saleCharles I've been doing this for 30 years and with the times that we are in right now with tenants having such a hard time getting a mortgage and getting out of the Rent  Trap, this is not a buy-and-hold strategy Like in stocksI live in a very expensive area Los Angeles and the average person can buy house because they're 900,000 to 1,200,000 where I live and lease purchase has a place here because many people can get mortgagesBut if you lived in Pittsburgh or you live in Cleveland or you lived in Orlando, you can make money with lease-option assignments or sandwich lease options if you've got a little bit of money for reserves as a real estate entrepreneur operatorWhat's in it for the seller is they can lease with an option hopefully with the right screening of tenant buyers that have ties to the community and strong employment where they're  not going to lose their jobsWhat's in it for the investors is that they can do a lease option assignment or sandwich and make some money without getting a bank loanI do like lease purchase over lease option for the seller because it's a stronger commitment and a definite end to the dealFor the buyer I'd much prefer a lease with an option with an extendable option in the initial contractFrom a business point of view if you're interested in getting better appreciation you can just do one year agreement and ratchet up new agreements at 5% a year or a new appraisal every 12 monthsI have put together a lease purchase arrangements where the sales price has been tied to either a new appraisal or a set floor price whichever is higher, to prevent a loss; in stocks this is called " collaring "where you have a  call order at a lower price to prevent a big loss and an order to sell a certain high priceSee protective collar http://www.investopedia.com/articles/optioninvestor/07/protective_collar.asp

I have been wholesaling in Orlando for years but tired of this market.

Looking to do some deals up in Jacksonville, Orlando and the South Florida area.

Bank owned.  Would it be wise to bid on an HOA foreclosure?   If no other liens. 

It just so happens that the speaker at out next Central Arkansas Real Estate Investors Association meeting will be Bridgewell  Capital out of Orlando, Florida.

I own an investment condo here in Orlando, FL under my personal name and I'm looking to get a HELOC to access that equity to invest in my real estate business.

Thank you and I look forward to your advice.Jose Orlando, FL 

I used to fund a pretty big buyer in the Orlando market.. and his wholesaler was a big player and the wholesaler was licensed .. but wholesaling is really really tough right now and these guys went from selling 20 plus properties a month to out of business. there simply is not that many distressed deals anymore in FLA... not that you cant stumble on to them.. but I have a hard time thinking anyone who does not have significant capital to pay for marketing  and proper licensing is going to be able to do anything.. its a major wives tale that wholesaling is easy and can be done with no money.. just aint so.

Hi Jon, I am a Realtor and investor in Orlando.

Seeking to start and grow a real estate portfolio in Orlando, FL.