Doing a lease purchase increases my liability because I am obligated to purchase the property at the end of the term but on a lease with the option to buy gives me the rights to purchase the property at the end of the term with the option to walk away.As an investor I want to avoid liability at all costs or at least reduce my amount of liability.If you do the lease option correctly you will earn money right away, a positive monthly cash flow and future income.

OK edge, I've read your post several times, and I'm not the brightest guy that ever walked, so I can't figure out where the heck you got your "equity build-up" numbers.Edge wrote For the first property, after 62 months (your break even point), he would have built $56,754 $56754 divided by 62 = 915/month!

Back then I walked into several places in the summer that had been empty for months.

They are taught they do inspections which cost money and all this causes risk for sellers to be subject to repairing the home before closing.So it is avoided.Well 1/1/2006 this was all changed and now just the appraiser can administer inspections if the see fit.

I have had some people say yes to this question and my recommendation is to walk away.For credit checks I use CreditRetriever.com I feel their prices are fair and the report is very easy to read.

They want to do 1 last walk through which they cancelled last monday. today my agent calls me and tells me they are waiting to get in to see the units.

However, the non-profit I owned will have to be change to fit within the framework of this purpose.

This way when properties that fit your parameters are listed, they will auto-email.

Im not interested in keeping the house, I just want out, basically I've walked away.Its in Michigan, if that is required.I appreciate any replies here, Thankyou.

I don't know his name, but I wanted to go see him but I couldn't fit it into my schedule.