well, with that 3500 you actually are breaking even for 5 months before you start losing money (1600-900 = 700) (3500/700=5).Is that the best L/O offer you have found?

I find doing an Equity Split (like a JV Addendum on the Sandwich LO) where the Seller PARTICIPATES IN THE NEGATIVE CASH FLOW and receives some benefit down the road.Equity Splits are valuable in expensive markets like SF, LA, NY, etc.Language might be:Ask the Seller to write down what they think would work.That way the seller gets exactly what they want, I sign up the deal, and then I clean it up later (checking with my attorney if needed).An Example:"Landlord to receive 20% of the amount of Net Profit.

Mathews Associates LLCAgent/Investor-L/O specialist

How about:Get a doctor to apply for a 20% down at a commercial lender.Get a tenant buyer that will pay 20% over PITI (rent plus option payment)You have less risk with TBer LO than Land Contract.********************************************2.

I know you think in the case with a real estate agent, they should require a pre-qual first however LO's tend to pass these out like candy without ever pulling the report.

My husband and I have been buying houses via assignments, subject2, L/O etc., (mdhousebuyer.com) as well as investing in notes (notefunding.com) for years.

The LO tenant pays all other expenses.Just my two cents.Good luck!

I'm trying to get my first l/o or wholesale deal done.

who wants a tenant/buyer who can't come up with money down.with my limited knowledge of Lease Options, i also know that if you (as seller) have a mortgage on the property - this is a contract for sale - thus any Lease option would violate your DOSC, and vise versa, i wouldn't enter into any L/o with a seller who has a mortgage on the property, unless he could prove to me it will not violate his mortgage agreements.also, you record the L/o because it protects both you the seller and the buyer.

I was under a L/O contract with him for $132K.