Then you can choose to sell it at a profit in three years, or keep it if Melbourne grows as some predict, and continue to rent it or lease-option at that point.Either way, it sounds like buying something...

If you record this at the courthouse which most lawyers will do, AND you later have to get that person out of the house, they must sign a quit claim etc. before any buyer's closing attorney will close the sale of the house.If the land contract occupant doesn't pay the insurance you will get a letter that insurance has not been paid and they will sign you up for a new insurance company of their choosing.

The methods and products you choose affect your investment for years, and can make or break you!.

Scott's estimate of about 72 hours is a fair time frame for professionals to do the due dillegence for you.You have the right to choose another lending source.

Also, I believe if the buyer choose do include a recourse provision in the purchase contract asking the seller to substitute an unacceptable property with a new property.

Honda backs the three year lease on the condition Honda does not choose to sent them back to Japan.

Some of you might choose a 10% ROC, others might prefer a 40% return on capital---the margin you use isn't my point.

Option must be assignable at my option to whomever I choose.

If you do leave it, and have supply or drain side leaks, you end up tearing out all the other new work to fix it.If you choose to do nothing, and the rest of the home is "fresh", then the bathroom becomes a big detractor, and will affect the quality and number of prospective applicants.Of course, if you are just flipping, glazing the tub, surround, and sink fixture can make a HUGE appearance improvement for very low investment, and you can pick the latest designer colors!

This may seem like a bad idea, however the 401k I was in had a VERY limited basket of funds in which I was able to choose from.