Ownerfinanced for as long a period as he'll go for, 5, 7, 10 yrs Small option fee paid to seller at the time of contracting, down payment due upon exercising the option.During the option period you find a buyer with 15-20% down and sell on a owner finance note 1 yr term with up to two renewals as long as buyer makes all the payments.

That amount would apply towards the purchase price, when you exercise your option.With that option, be sure to ask for the right to show the property, and do what you need to do to sell.

Something with a community center including, pool, exercise room, etc.

If you are holding your property shorter term, then going through the cost seg exercise could be a way to make a marginal property work.

Lastly, there is a quit claim deed signed by the borrower and the borrower gives the lender the right to exercise if they fall 30 days behind.That is how our deals are put together and lenders provide long term loans to our borrowers.

Depending on your state laws and the way the contract is written up, the eviction process is exactly the same until the option is exercised.

Assuming you decide to keep a property under the option to lease option and hold onto it for whatever reason ( maybe to exercise the option later for a profit on the back end) if the TB doesn't exercise it.2.

(provide the mortgagee clause in the letter) In the letter inform the borrower that failure to complete the action and forward the correct documents to the lender will force the lender to assume the property is not insured and the lender will exercise their rights within the mortgage and note to insure the property.

In short Renae, this is a chance for you to exercise all you have learned in theory, and to learn all not taught from actuality, to work hand in hand with a cash investor, learn it from our side, learn and speak with active wholesalers, and to earn while you learn.

I planned to attend just so I could exercise the money back guarantee.