I'm not an expert on how all this works, but it's enabled us to avoid any issues with due-on-sale clauses.

So bigger pocket experts what should I do?

I want you to have legal advice and be comfortable with this decision about your home.Now I will tell you, unless your attorney is an expert and lease with option, subject to existing financing, owner financing, and other legal remedies for your situation, he's probably have a say don't do it.Then I reach for my nolo.com article, and go over the different seller financing possibilities.And I walk them through all the situations, from lease purchase to subject to installment sale to wraparound mortgage."

I am sure you could post some general numbers here and see what the experts thought, but it will be neigh impossible for any of us to say good deal or bad without numbers.

There REO's are bringing down the values of all other properties and there are several other factors.Also when these investors sell of the REO inventory in volume portfolio's this also hurts the overall market.There are so many factors an so much of a mess that we will NOT see ANY signs of recovery for at least 6-10 years (in many hard hit area) as far as what the experts who know their stuff say.We have NOT even started to see the REO and bank wreckage as of yet!

I aman EXPERT t salvaging the worst messes.

According to the expert that presented the class, dishwashing detergent mixed in water does a better job removing the mold "root" than bleach.

I don't want to sound like I think I'm an expert already but I feel like your postings has armed me with more information than most of the other investors I may come up against for some of these deals.

I live in Shawnee KS.My original desire was to flip houses, but have been converted to doing Lonnie deals in my area or within a few hundred miles.I am just trying to learn all I can and this board is a good start so far.Thanks, Ima just pull up a chair, get some popcorn and lurk for a while, so far the board has been very educational, thanks to all the experts that share what they can............

I'm have to start part time as I would guess many do but I am excited about learning more from all the experts on this site and hopefully diversifying my real estate endeavors.