Eric, we've seen that up here even in remote Bozeman; the WSJ just ran an article on that in the past 10 days - might be worth digging that one up online if you have a subscription....

Go on line and let the pros do it right for you and they will even provide legal advice.

You can just forget doing an assignment at all, unless your buyer is using Hard Money or Cashola.If you are doing a double closing, FHA will not work at all, as they require at least 90 if not 180 days title seasoning depending on a few factors. if you are trying to pull off a double closing, the best bet is to get a cool title company, a transactional funding lender, and a Fannie Mae qualified buyer.

BTW, I am beginner investor coupled with this plan would be completely PART-TIME Investor and RE Agent.I am expecting to buy this online course from one of the websites and write the test.

(Makes me feel claustrophobic just thinking about it :badwords: )I'm betting the septic system is going to cost a bundle with all the new regulations around here...

Your best bet is to review a self storage rental agreement, and work from that.

Are you betting on appreciation?

If this lease-option "buyer" is a relative newbie (and I'm betting he is), then I would NOT do this deal.

Alright, I saw mention of the Jazz so I had to respond to this post (by the way, Stockton is the best point guard to ever play the game.)Welcome to this forum, network like crazy (online and offline) and learn everything you can.

If the prime rate was to climb a few points, I am willing to bet all the banks will jump back on board.I have not had a problem with my HELOC from my credit union to date (knock on wood) and they seem to have the lowest rates, lowest fees ($0), and the simplest approval process.