We have a property in Vegas we are trying to L/O and no bites.Bernie

I'm happily earning 15% on my money.I'm considering a joint venture opportunity on a L/O of a duplex with another member I meet at a club meeting.A short sale I signed up last summer and the bank accepted was purchased as a rental unit by a club member.I'm putting together a joint venture opportunity with two other investors I met at the club meetings to market for property and sell wholesale in a specific area.

(Richmond, MI) We are very desperate…if you are not interested please forward this information to others you know.Thank you,L.

Local Market: SacramentoState: CAStatus of current housing market: S L O WInventory levels at record highs for 4 county area...Here is an interesting site that tracks the bleeding ....

You sandwich the deal in a 2 year L/O. 1 Year down the road the buyer bails out of L/O contract.

:welcome: to BP.We might want to discuss the L/O deal a bit.

How I work it in my L/O contracts with the option money is 2-3% of the purchase price.

I purchased the house and did a 1 year L/O deal with the previous owner 4 months back and here are the numbers:-sold comps show the house being a quick sale at 130,000-purchased the house for 105,000-7,000 non-refundable lease option fee paid up front-1,400 month rent payment-my mortgage payment is $850 (including taxes and ins)-option to purchase price of $125,000I just found these forums and was interested in getting feedback for theterms of this deal...God Bless,Steven

(Got the pop up that said "You ARE L" can't be added until 10 posts.

I had someone fill out an app and he put down his name as D**** his liscence had L**** as the name and I ran that also. 10 years of rubber checks and he was on probation and had warrents because he was not making restitution.