You do have to qualify for the bond but it has been pretty easy qualifying so far.

Most of us could stand to work on our skills in presenting the spoken and written word - here's a great, easy to read book that my favorite real estate mentor suggested in the past - "Eats, Shoots, & Leaves" by Lynn Truss.

Most of the profit is made at this point.While we cannot force them to of course, we need to be absolutely clear at the start that this is the purpose of the strategy.We are considering setting up a mortgage broker to sort of 'pre-qualify' the rent buyer at the start so that if all things remain relatively equal they know that they will be able to qualify for a loan at the end of the option period.

Smithestate, I hear a lot of people state that lease purchases are great for the investor but bad for the purchaser because they generally still can't qualify for the house when it comes time to buy...

You can just forget doing an assignment at all, unless your buyer is using Hard Money or Cashola.If you are doing a double closing, FHA will not work at all, as they require at least 90 if not 180 days title seasoning depending on a few factors. if you are trying to pull off a double closing, the best bet is to get a cool title company, a transactional funding lender, and a Fannie Mae qualified buyer.

How can we do something like this w/o having to qualify for a mortgage?

Does that sound like a good idea to improve my skills in investing?

I keep telling everyone that I work with, that sales skills/deal closing skills are the most important thing an investor needs to learn.

But not to jack this thread, I carry a baseball bat in the trunk and I have a gun license and I have been a blackbelt since I was about 15 so I am well qualified/prepared.

Can you qualify for a low down payment program?