They also red-line areas, whether they call it that or not, and won't lend at all on SFRs in C areas, even if they are still nominally willing to do SFR lending.They make far more money concentrating on doing conventional OO mortgages, which can be re-sold for very sizable fees (yield premiums) to Fannie and other investors.And the Fed's zero-rate policy is making it very easy for them to make piles of cash in ways that are a lot less work.

Hi Sharon,There are free members to the site which you are now and there is Pro Basic and Pro which is a paying membership for a nominal monthly fee with added benefits.

Those are called "nominal recordings", usually done by divorce, marriage, inheritance, etc where there is no sale of the property involved.

Thinking being that the banks would be motivated to cut a deal with a new person once they realize what a mess the loans are and that I'd represent a legitimate opportunity to close the books on this once and for all- Option term would give me enough time to negotiate with banks, e.g. 6 months or so- Seller would give me an exclusive right to purchase the property- Option fee would be nominal, say $100 at first and the rest would be payable upon successful negotiations with the banks (she wants to pay off her credit card debts, $30k)Questions:- does it make sense to structure it this way?

After much pitching and finagling with our bank, we convinced them to issue bank cards for each of our tenants {they charge us a nominal fee to print all these cards}.

It's OK to use your existing lease, just make the security deposit $10 (a nominal amount) and take the bulk of the security cash from the buy in the form of the non-refundable option payment.But you need to get a solid option contract that is designed for use in Lease Option relationships.There's a few experts here on BP who take on students and thus you get their contracts.Rent payments is now affected by the Safe Act, which says that ideally when you offer rent credits the rent is above market, not same as market.

Indeed, that 3-4% cap rate is often a nominal cap rate, with real cap rates being negative once you truly underwrite the property.

Hey Guys - Today's the last day to be nominated for the 2013 Podcast Awards and I wanted to ask you guys to help us out . . .

There is some risk involved with these "drop and swap" transactions, however approximately 75% of our clients use them as the perception is that the risk is nominal.

Also the thought that "The end buyer will eventually refinance" is nominally true, but there might be an issue with it even being possible if they are buying a $135K property for $150K.