A banker (lender) is the party who is compensated directly from the performance of the loan.

Cash buyer ended-up not performing on a house I have for sale so I am looking into HML for a package of 4 properties I am buying from an estate.

The option contract does not give you the full bundle of rights in title to the real property until you exercise the option and become the formal owner in title.

I agree that unless you are getting very large rent from this property then you have a lot of trapped equity that could be performing so much better elsewhere.

If double closing use an Identical contract, perhaps less any buyer contingencies.An assignment agreement is, in some cases a good idea if there are different aspects where certain contract covenants are not applicable or where performance by the wholesaler has been performed and assumed by assignment.

You may still be liable to the seller if your assignee does not perform.

It would have onboard accommodations for the performers and would travel around between Vancouver, Seattle, and the San Juan Islands in the summer, bringing the audience aboard for evening performances.

With this program you can also file a one page deed for a Tax abatement with two options for performing SFR. 1. 5 years @ 0%, next 5 years you pay 50% off city portion of the property. 2.Or lock in 10 years at current value.

I've built my buy & hold portfolio to 10+ SFHs and am happy with how they are performing.

If he fails to exercise the option you can then make any deal you like or not make one.The property is in Texas, TREC and Texas law prevails.Don't write this thing up yourself, have him pay the attorney and both of you go see one, he can pay but the seller should be the client, IMO.