Hello everyone, I’m very interested in getting into the real estate investing field, so all I’ve been doing lately is acquiring some basic creative purchasing and financing tactics I could use to help out motivated sellers and myself, it’s a true win/win.So my questions are:1- I know this question depends on the seller’s needs and my financial ability, but under what perfect conditions should I try to utilize each creative tactic (subject-to, lease options, contract of deed, straight options, and owner financing)2- What contracts I must use and have signed when utilizing each creative tactic (subject-to, lease options, contract of deeds, straight options, and owner financing)3- Once the appropriate contracts are used/signed for each tactic, what are the following steps I must take; now I’m not talking about the complete a-z steps.

As AllCash has already mentioned (you have quite a memory there 8) ), the PMI drops off at 80 LTV (loan to value)---based upon the figures you provided, your current loan to value is 88...There is no benefit to a rate and term refinance at this point, if your intent is to eliminate PMI...There might have been a time when comparing a refi option with LPMI (lender paid PMI) might be feasible, but in the absense of more info (and prevailing market conditions), you might be better off leaving things alone.Regards,Scott Miller

since it's in a trust they do.some sort of document that proves this is a condition that must be filled before the lender will lend.as some have noted, the key to getting a deal like this done is a title company and attorney that have experience structuring these deals.

He thought that they would split the money and give him more sinse he put more into it than the other two.Now his lawyer is telling him that it won't work that way and he would have to place a Lien on the house.What do you reccomend him to do?

A lawyer can tell you about the legal process.Warning: As I noted the above is very much US centric advice.

House is good condition.

I couldn't even see why I would get my lawyer involved (on the watch) before an offer was even accepted, which by the way is the 1st offer.

I don't see the point of using a lawyer because whe's already out.

I have recently acquired a tool that will help me to quickly find information about properties all over the country including foreclosures and preforeclosures, tax assessment values, last sale date, current owner, condition, comparative analysis, etc.

He is a real estate lawyer and investor and he says that he definitely does not add "and/or assigns" after his name when assigning contracts.