They will probably L/O to you and request a down payment amount as well, so get ready, money talks in RE, unless you can find the right person who needs to get out immediately.

I ask, what do you guys think about wholesaling LO as my first RE venture from Chicago?

Recently I came across the concept of wholesaling lease options and am extremely intrigued both because I feel that it would be an awesome way to enter the game with little to no risk or money out of pocket and it seems like it can be done in any market/economy/state regardless of where I live.I ask, what do you guys think about wholesaling LO as my first RE venture from Chicago?

Hi Joseph Bodek,Texas Lease Options have changed some laws in 2005 - 06, but the expert here in TX is my former LO student John Jackson who lives there, and does hundreds of them.RE: NC Certain areas of NC have magistrates that view LOs as a disguised installment sale, so they require a foreclosure instead of an eviction if they are given an option to purchase.

My question is what is the best way to go about Cooperative LO/wholesaling LO long distance?

He is very open to the idea of lease option.Is this viable for a sandwich lease or is it better to wholesale this L/O?

When I was working up there, I had to spend an exuberant amount of time explaining to people what L/O was and how it works.

An experienced LO, will hear the client answer and will flush out the material facts.

Working on getting it as an L-O with little-to-no out-of-pocket, but cash IS king, after all.

FYI for anyone checking out this thread: I talked to VRM today (7/11/12) and they said revised terms should be out in early August and they'll have LO's who can give more info/prequalify and they should be ready to lend mid-August.