Hello! I'm new to the investing world, and was wondering about different ways to cover yourself if things go wrong - specifically, if you can't find a tenant, and are unable to pay the loan on a property you haven'...

Especially when you gave them an alternative.

I get his point of view.My opinion that site has many great points on Lease Option alternatives, LLC formation and asset protection.I also like his discussions on wraps and ROFRs.You live in TX, have your attorney look it over.

@Joe Boggin,Please Seek Legal Professional AdviceThis is a situation where you should not guess or seek unprofessional advice and guesses.Seeking advice from an attorney in the area where the property is located can be a wise and very economical decision considering the alternative.

I'm not sure if this is possible but if possible it should be another alternative to filter out all wannabes.

@Linda ArfiyantiWelcome.I will offer a third alternative the cash does not have to be yours you could work with private money and share the performance.Good luckPaul

It seems to me that since you are a proven winner with your investors, I would make a compelling case that they should get less of a cut not more unless they were contributing some other service other than money.If some of your investors want a greater return, then a syndication could be an possible alternative but it will require more legal & financial reporting.

It doesn't have to be an all or nothing equation.I too cringe at paying down low interest rate mortgages but when I look at the alternative places to invest out there a guaranteed 5.5% return on my money (my highest mortgage rates) looks pretty good.

I always appreciate hearing alternate perspectives from anyone willing to give them, and once I hear them I'll weigh my thoughts!

CHA and a wood stove for an alternative heat source.