BUT there is at least one company out there that makes (creates) a distinction between the three and have three separate programs to offer: Lease Option for one or two years (no obligation to buy), Lease Purchase (rent for six months before having to close), and Rent-To Own (Tenant pays extra rent that is held until enough Option Consideration is saved up to do one of the other two programs).

This is a loan program that specifically gives you money to do the actual repairs on a property.

Bad borrower than yes 2% is justified but if your a clean A borrower with little to do than 1% is pretty much good deal.Local banks will pull the same deal as Mortgage Brokers sometimes but again banks have just there programs while Mortgage Brokers have all the banks and even the local ones too.What type of arm are you getting?

I will be looking to either do a 80/20 in subprime market or try to get FHA financing.I currently work in the mortgage industry for the past 3 years so I'm familiar with a bunch of programs and I was a processor for a brokerage that did a lot of subprime so getting a mortgage wouldn't really be my problem... the thing that scares me is having problems with the tenants in the Newburgh area since there has to be a reason the prices of these houses are so low...Thanks guys!!

whheee wwhhhhhheeeeSo you have the Carleton Sheets program ?

I will continue my Mentoring Program in DFW (that's Dallas Ft.

Right now I am trying to find a no money down program.

However, the non-profit I owned will have to be change to fit within the framework of this purpose.

This way when properties that fit your parameters are listed, they will auto-email.

These programs have such a high rate that your property will be nowhere close to breaking even.It's out there, It just does not make sence to do it.Woods