1.We have a buyer2.The buyer wants to buy 1,000 barrels/day in existing production3.Purchase price is $30M4.Our bank will lend 67% or $20M5.We have a Mezz funding source who will deposit the balance of the purchase price of $10M directly into our lending bank6.The Mezz wants to get paid off in 12 months with a 30% profit, so he wants $13M in 12 months7.The whole key to this deal is that the Mezz needs a Forward Takeout Commitment from a legitimate bank or life insurance company for the $13MFour questions, please:1)Can you provide a Forward Takeout Commitment for this situation2)I understand from the information that Gordon sent me that this type of letter costs 1 – 2 points and that is fine3)Will your takeout commitment provider charge anything to underwrite this deal and let us know if they are willing to issue a takeout commitment4)We are working on oil production deals in both the continental USA as well as Canada – are both locations acceptable to your takeout commitment providerI am really hopeful that the answer to 3) is no, because if it is, then we will put a solid production deal in front of you.Let me know – many thanksps.We are also developing several SFR /Modular Dev in Austin TX. (2016).

Real estate schools can give that type of training, there are other sources too.

Other than the MLS does anyone have a good source to find this info?

BP is hands down the best source to learn and grow in REI.

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

It's a great way to meet other investors, private money sources, and find deals.

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

Inductively, it may be a poor source of potential tenants looking for homes and apartments, and other properties.As always, precaution is a necessary measure. 

Hi,I've noticed that most FSBOs are not receptive in doing a lease option or terms type deal.Some say don't use words like "lease option, lease purchase or rent to own" with sellers because a lot of sellers really don't understand and it may confuse them.I've been unable to find sellers that will entertain doing a lease option or terms type deals.I've heard that some use expired listings as a lead source but I've been unable to get a Realtor to provide any expired listings so I tried to contact the FSBOs directly on-line.Not finding any sellers that will do creative deals like lease options or terms.