However I see no reason why your LLC cant buy the lease option from the seller for whatever terms you can negotiate, include a right to sublease and then put your end buyer in the home for whatever you negotiate for terms, and then pocket the difference.

For example, when they have a broken furnace, they replace it out of their own pocket and justify it in their mind by thinking that it was just a one-time expense.Mike

You need to rid yourself of any negative people and do what it is that makes you happy.I know many investors that are doing great things there in Peoria.Good luck and I hope to see you posting often here on Bigger Pockets

Hang on your wallets - the socialists are coming!

Of this money 5,600 was out of my own pocket for the down payment.

I, in my bathrobe with a cat in my lapHad cut off the TV tired of political crap.When all of a sudden there arose such a noise I peered out of my window saw Obama and his boysThey had come for my wallet they wanted my pay To give to the others who had not worked a day!

I do in fact have this list and have since built relationships with 30 asset managers & I'm trying to do bulk pools.I'm now using these contacts to list REO's 4 my office.I'm considering different ways everyone here at bigger pockets can benifit from this without jepordizing my relationships or creating too much competition for myself.What do you suggest?

Because you still have money flowing out of your pocket (taxes, insurance, maintenance, utilities, etc.)Over time, you may build up equity from appreciation and upon sale, could cash out.

I've been considering spending my time next semester and next year doing some sort of investing and building up some assets rather than getting a job and putting money in someone else's pocket.

Thanks to all the morons who must have "deep" pockets, we now have to pay billions for a high speed rail system that will probably never be completed and do nothing for traffic congestion!