NOTE: This Topic was split from the 50% Rule Discussion in the Landlording Forums

Richard I was looking at your site and had some observations and questions. Your an honest and open guy so I am sure your open to a d...

Look for an LO or Broker who gives you more than one option and is knowledgeable and you ll be fine.Good luck.

Then the LO path where the buyer would pay say $100k in 12 months and pay an option fee of $5k which you keep as your wholesaling feel back to the owner, a tenant buyer.

She is a licensed agent (at least she was) and has done a lot of L/O deals in the past.

Since I only like doing Shorts, Wholesale, L/O, Sub2's, if they aren't ready for any of those (which most are at least wanting to do wholesales) I take them step by step, start to finish.

As a "2-hatter", I would be wearing the HM hat to provide A&D money and then put on my residential LO hat if they want the lowest bank rate for the refi.

Lo and behold the duplex deal never materializes and I ended up missing out on everything.  

It's illegal to pay the LO more or less, depending on your rate, points, ARM v fixed, etc etc. 

Work for a lender that does a lot of 203k/HomeStyle renovation loans, or work for a GC or architecture firm that works with a lot of clients using 203k/HomeStyle, or hard money fix-n-flip financing for that matter.It's not at all unusual for a LO that does a lot of reno stuff to have a full time employee that does nothing but the reno side of stuff.

If listed, I don't offer the LO method, just a second creative way like a second SF option.With a written offer, even an LOI, the LA must present to the seller generally.