It must have a better historic reputation for those who did not participate as I recall it wasn't that educational (LOL).

I take my business, my reputation and my ethics very serious and don't appreciate his accusations, joking or not.To everyone else, stay tuned until tomorrow (assuming there's progress), I will keep you posted on my conversation with the title company.

Unscrupulous sellers can use lease options to fleece unwitting buyers out of their options money, which is why these have a bad reputation and are illegal in some states.

This might work for you with your experience but I could see why you might have trouble convincing someone new to the game, or at least new to the area, to buy such a property.Most wholesalers have given themselves a bad reputation due to greed and incompetence.

There are several "low/moderate" income programs that can require such signage, a Sec. 42 Tax credit program for example where a home value could be 120/130K but rented with assistance.You need to know the reputation of the subdivision.

I wouldn't want my reputation to go bad because of a deal that went south.

I could go either way, but I had a friend who recently got a bad reputation so that is why I am changing my opinion.I would say if you don't have the ability to close with your own funds or private or hard money funds, then you need to find the investor first.

If you notice, half of Douglas Blvd in North Lawndale have "FINANCED BY CIC" signs on them.If you are interested in brokering these kinds of properties, it is very difficult because bankers base a lot on reputation and track record.

Avoid the guru books and start out being compliant with the law, get to know the business and build a good reputation.

It takes very deep pockets to get a good RE company going in most areas as well as a reputation with other agents getting them on board.