Oh, you want a hip pocket "listing" for a L/O.

I refused to close and, lo and behold, the tenant was out the next day.That's not the same a breaking the contract.

I just was worried if housing rates went down and I had a bunch of LO's.

Do you use a listing agent and if so how much do you pay them.I have had 2 over a month and I am looking at ways to drive traffic to themPeople in the past act like L/O and owner financing will sell really fast and I am just wanting some tips to help sell my housesThe first SFH is a 3/2/2 all brick 1500 sq ft in great neighborhood and good schools I am offering it 5 k below appraisal and it doesn't need any work, it is in a suburb with about 9000 people, It is in a really good town.The second one is a 2/1 for 42k (at appraisal) not so good side of the city population is 89000, a lot of people live in this area, built in 1955ish I am offering it as owner financing or Lease with option for 475 a monthWhat can I do to drive more traffic to my houses, I need to sell them.

@Brian Gibbons,Would it be too much asking for a new link for your video about talking to a LO seller?

Brian was gracious and talked to me about a business plan, wholesaling, LO assignment, marketing and compliance/legal issues in light of Dodd Frank e.g. getting an attorney involved and more.

Turns out the LO owns 30+ smaller properties in the state and says if he can't do it in house he knows a few contacts that might

The early discussions of DF here mentioned specifically the folly of a long term LO.

@Brian Gibbons has done a ton of SLO's, whereas I am mostly the LO Assignment guy, but Brian and I both agree that you need to have reserves in place if you are going to be doing a sub-2 and/or SLO.Also, don't forget closing costs, and the contract has to state who's paying for what.You also want to do a title search on the house before you take it sub-2, as it screws the buyer if it has other liens on it.Also...to be honest..I wouldn't count the option fee in the "equity" category.If he doesn't purchase you haven't just added equity..you spent the $5k going on vacation as soon as you got it!

As a LO for the largest US lender this is an FHA loan.