Whether it be wholesaling, Sub 2's, L/O's whatever.

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.

I put in an offer for a contractor friend, and lo and behold, there were 5 offers submitted by Monday and the bank was asking for highest and best.

Going to 30% down is another 0.5 discount point reduction, which would put you out of "discount point land" entirely, and into "lender credit for your closing costs" land (what we typically call "negative discount points).So now it's basically ARM at 7% (0 points) v FRM at 7.625% (0 points), and my answer there is that 0.625% off the rate isn't enough that I'd take an ARM.Shame on that LO for not telling you that.

Marcus Durant it would be best to have a contractor come with you and give you an estimate.

The guy seems nice but just v-e-r-y s-l-o-w at everything.

She is a licensed agent (at least she was) and has done a lot of L/O deals in the past.

Since I only like doing Shorts, Wholesale, L/O, Sub2's, if they aren't ready for any of those (which most are at least wanting to do wholesales) I take them step by step, start to finish.

Then the LO path where the buyer would pay say $100k in 12 months and pay an option fee of $5k which you keep as your wholesaling feel back to the owner, a tenant buyer.

Look for an LO or Broker who gives you more than one option and is knowledgeable and you ll be fine.Good luck.