See when a LO puts a rate on your loan, they are also pricing out the fees the Lender will make in concert with the origination.

Do you realize that with a LO if the buyer had to pay all allowable closing costs via FHA they most likely wouldn't have the funds to close?

And when he saw my file on a Los Altos Hills home from years ago he was taken back, I bought it for $750K put $750k into it and sold it for $3.3M in four months and none of my own money(timing was right).

Call me please you'll send out 6 offers within a week and do it with confidence...If you want to run an ad it's not a terrible idea but I would't spend a lo of money on it.

Offer a LO to my tenant.Ask $65,000.00$780.00 rent per month$1560 down payment (non refundable, first two months rent)$140 optionone year term, renewable for one additional year.$80 per mo rent creditAssuming they purchase after one year (which we most likely know they wont), using these figures would gross me $10100.00.Difference in rent: $3360Difference in price: $7100Consideration difference: $600Rent credit: -$960------------------------------------------- Gross profit $10100.00Seller gets her asking price, doesnt have to lose MORE on her investment and $80 a month cash flow.

Thanks for looking, like I said This is not my nitch and I don't want to give bad advise to a friend. love to find her a Lo but maybe a 2 yr rent is not a bad idea either, with that fairly fresh BK she needs time to cook anyway???

For instance, you purchase a LO with a consideration of $5k and $800 a month for 4 years with a LO purchase price of $125k.

I heard from a LO that Farmers is investor friendly.

Chris, thank you for the link...awesome, very helpful, although I though the deed did NOT transfer on a LO until the option to purchase was completed?

2014 we alos plan on living off the rental income as well.