Because we buy houses deeply discounted, or we get them with no-money or lo-money down, the risk on these properties is very low.We secure your loan with a first mortgage.

Waukesha countyMap-based interface: https://www.waukeshacounty.gov/landandparks/land-i...Tax listing search: http://tax.waukeshacounty.gov/Default.aspxRE documents search: https://landrecordspublicaccess.waukeshacounty.gov...Washington countyMap-based interface: http://gisweb.co.washington.wi.us/Apps/washcogis/Tax listing search: http://landrecords.co.washington.wi.us/LandRecords...RE documents search: https://landshark.co.washington.wi.us/LandShark/lo...

If the interest rate is fixed and the loan is older then seven years then thats fine too.You may want to L/O with a TBD purchase price this over selling sub2 or selling with a payoff.CongratsI am going to add that make certain that you include required occupancy repairs when figure your cost to entry.

You'll need money for the rough times or if you're smart there wont be any and you'll turn that bad boy...I would never lease option a property knowing how to buy it with seller financing and subject 2 or flip that thing concurrently and make the money that way...Heck if you're going to LO it then buy it Sub2 and wrap that thing...So many ways to do what you want to do...As for what to say..

I've been reading a lot of your posts on subject to and LO.

A LO gives the buyer the option to buy the property after the rental agreement is fulfilled.

In fact, FHA no longer requires that the transaction wait 90 days -- this rule was "temporarily" waived back in 2010 and the waiver has now been extended through 2012.We routinely rehab and resell in fewer than 90 days (for significantly more than 20% above purchase price -- often more than 100% above purchase price); while there are some lenders who still won't do these pre-90 day transactions due to their particular underwriting overlays, there are plenty who now will, and it's certainly not prohibited by FHA at this time.Talk to a couple mortgage brokers who work with regional banks in your area, or even talk to a Wells Fargo LO, and you'll be able to close these loans in fewer than 90 days from purchase.

Come closing time lo and behold there they are sticking their hand out for a commission they did not put much effort into earning.

An L/O, you're not in title, neither gives you consent to make repairs or improvements, obtain a building permit, be in a refinance position instead of a purchase position as the owner is.

I too am interested in the Sub2's and L/O technique after being out of investing for the last 15 yrs.