Also, the income history requirement that I came across was only two years - and by using a cosigner there are ways to get around that (not just for conventional).

Ben LeybovichI am looking at 15% + cash on cash returns when using a conventional 30 year loan.

Here is the story: I purchased my home to live in using a hard money lender and would like to sell it and have the capital for my flipping business which is separate.

These penalties can be very hefty and make it not make sense unless you wait so many years into the primary lease to pay off.I don't know if you are using a specific NNN attorney for your needs or a general practice attorney.

But using two seperate contracts always works and using a contract that incorporates a lease and an option only in limited situations simply is nothing more than a seperate product to be marketed, it serves no unique function that would not be accomplished with two agreements.You need to begin at the beginning to understand concepts used to buy, use or control a property.

Wholesaling using a double escrow is just one technique.You can use an option or an assignment.Is it unethical to deliver a solution to a seller who has a problem & you perform as promised?

I think I would still need my projections to be at least $50K to have that cushion.That being said I would probably not go over $330K on it using a $500K ARV, the $35K in repairs and assuming you sell it with a realtor and use "reasonable" hard money to finance it.If you will sell yourself and have $400K cash to avoid loan costs then you can pay a bit more.Doing the project yourself or looking to wholesale it?

Have you used or considered using a "Hold Harmless Agreement" as part of your rental process?

As to the property conveyance your party has mentioned they will convey using a Quit Claim Deed as opposed to a Special Warranty Deed or Warranty Deed.

Consider using a hard money loan because it can function similar to an “all cash” transaction and can close before years end.Posted by Corey Curwick Dutton