You want the lender to do a lot of analysis prior to you engaging them so everyone from the LO, UW, and credit officer are comfortable with the loan request.

The point is with a Sub2 you typically will need to bring the loan current (most cases) clean up the property and market for a L/O tenant................averaging around 5k a property that you into for.

The case is beyound just churning, from failure to give notice, unlawful entry, theft and wrongful sale...anyway, that's something else.If anyone needs assistance or wants some infromation of L/O, installment contracts or seller financed, feel free to contact me, it free!

If you want me to use rent * 75% instead of the Schedule E calculation, because it was a BRrrrrrrrrr that so far looks like crap on your tax returns, and you REALLY want to avoid the back and forth BS with underwriting (trust me your LO hates that more than you do!)

Was going to suggest reaching out to @David Weintraub and lo and behold there he is.

Originally posted by @Keen Chung Lo:@Dmitri L.

I like Canton more as it had more infrastructure built in for future growth.There are less L/O's now than before.

Natasha Hylton, thanks for the PM.My comment was that before a Realtor will come close to advising thier client doing a L/O, they need to know how they are getting paid, seems that's not an issue here, per you PM.Next is the foreclosure, any time that F word is used, the deal is not any kind of lease option, especially if notice has been given, leasing at that point means trouble and I'm speaking of federal laws here, soif an investor is not familiar with foreclosure issues they need to walk away unless the have or can get financing to buy outright.

You might sell that assumption with a pitch, but at 95%, you'll be so far off using your sale price to establish the LTV that your investor will be put at a high risk, overstated value, small down, an unknowing private lender, you're taking on the liability of putting that deal together and it's not good.I'll skip other issues, but you can do a straight L/O for 180 days and sell under FHA.

Nearly every LO in my company would work a Sunday if it meant getting another closed loan.