I hate to say it that way, but that is correct.

Correct me if I'm wrong:1.A wholesaler finds the deal from a motivated seller. 2.Secures the deal with a "subject to" purchase agreement. 3.Flips the contract over to another investor.I understand between 2 &3 the wholesaler is marketing the property to investors, but what is he telling the seller all the while.

In my experience, for any lease/house rules violation other than something causing an immediate and serious hazard, the landlord must give a written notice of the violation, and, based on local law, "X" number of days to correct it.

If I understand your reply correctly, the following:Assume that Joe is simply looking for a partner with credit.

When id does happen, you just find another candidate for the property.To do lease option correctly, there are many things one needs to understand and know on the topic...

I have looked for articles and seem to find any, maybe am not wording it correctly.

Originally posted by "thebesthouses":OE - MP - GR = Cash FlowMGR / 0.02 = Maximum Purchase Price MGR x 50 = Maximum Purchase PriceThe correct formula for cash flow is-GR-MP-OE=Cash Flow

To my understanding that’s the document that needs to be recorded (correct).

I want to make sure I am getting the correct loan so that I can hold the property in the LLC so I can get the tax benefits and liability protection that comes with it.

All of the above may not be ABSOLUTELY correct but I think it is pretty close.