Sandwich LO - Staying inbetween10.

When I hauled away all the junk in the basement, painted its walls, and had the floor professionally scrubbed, lo and behold, the effective doubling of the house's useable square footage and the potential to create additional living space down there (maybe even a separate living area) became a nice selling feature to prospective buyers.

It's a public forum, choose to follow the advise of posters with great care.Most investors doing rent to own, L/O and contracts have followed old methods for decades, most IMO are behind the times and while they can read things in black and white in federal laws, they don't always understand the intent, even attorneys have trouble in some areas of financial regulations.

@Franky Juwana, what @Arianne L. said.In all probability you will "get away" with this, which is called occupancy fraud by the way, initially.Then when you go to apply for your next mortgage, it will be patently obvious to the underwriter (assuming the LO doesn't catch it) that you did not do what you promised to do the last time you got a mortgage.

I certain consider myself experienced in L/O's and I don't quite get some of the numbers in their calculations.

I think to make it much simpler is to 'wrap' with Inga and L/O to Gertrude with no more than a 2 year term.

Does anyone know if we should be presenting ourselves as the Buyer/Tenant Buyer when pitching L/O's to Sellers or should we simply explain to them that we intend to find a TB for their property?

Its a L/O assignment and i go meet the sellers tomorrow to sign the paperwork.

They stopped coming in.Well, lo and behold, I received two calls today, nearly back-to-back, from two folks who are actively looking to sell their property.

@Brian Lo Download BP’s newest book here some good due diligence in Chapter 10 also what goes on at a REIA meeting.