For Example your subject property is 3 bedroom 2 bath and 1200 square feet with a 3000 square foot lot.

Once the funded this part you temporarily become the owner, which allow you to sell the property in Part 2 of the TransactionPart 2 Here you have to decide whether you will selling the property in a Land Trust, Double Closing, Assignment Contract or an option Contract.

When you consider that this man's advice came from having survived the double digit inflation of the 1970s (during which he lost a large commercial property on an adjustable rate commercial mortgage - but didn't quit), the recession and S&L fallout of the 1980s and the most recent meltdown and ever smaller boom and bust in between - this advice is not to be taken lightly. 80 years of work and an excellent legacy he has left.

Whether its double checking everything anyone else does or ...12.

The other potential freak was a woman who looked at one of my one-bedroom houses.

Double close won't work because the lender will figure out the seller (you, from their point of view) doesn't actually own the property, and will nix the loan.2) Down payment required.3) Property must meet lenders requirements.

European investors have been buying American real estate because, with low prices plus the exchange rate, it has been double cheap for them..Probably the change in exchange rates isn't a big enough change to make them stop buying.I know that some of you are following both the stock market and foreign currency.

(sustainable resource)- Use energy efficient light bulbs or dimmer switches (I heard E/S bulbs have mercury in them so I stay away from that)- Install a day/night programmable thermostat- Replace windows with double-pane LOW-E.- Install added insulation (attic, basement ceilings, ect)- Install Energy Star appliances- Convert oil furnaces to gas if possible.- Upgrade furnace to high-efficiency unit (90+ rating)- Convert oil water heater to gas if possible.- Recycle: demo, paper towels, drink bottles, ect.- Replace the toilet (old toilets use a lot more water!)

I'm going on tuesday to check out a 5 bedroom rental property that is a short sale and listed at 85k.

In more detail.If you contract an option on a property you have contracted the right to buy it.You contract the lease with right to sublet.Now you have all of the rights to the property with the exception of the right to the tax benifits.When your tenant excercises their option you exercise your option and do so thru a double close.Real Estate has bundles of rights that can be bought and sold. you can seperate the rights and sell them individually.