Keep in mind that when the economy cools, banks close HELOCs and don't allow further borrowing.

Hi @Regina E. there are some banks and lenders that require an address to get pre-approved but they are not who I use.

So their initial lease will be 6 months or so, and then in the spring they have the option to renew for another 12 months.Everyone’s pretty cool with it if you just explain why you prefer to have leases start in the summer.

Perhaps try explaining to the gentleman that the asset is losing value every single day.

Closing attorney needs to get HUD from bank, verify numbers, get/prorate any tax/utility bills, get final payoff numbers etc etcSo anything under 2 weeks is aggressive.

This Is The Tipping Point": One Bank Is Calling For A 30% Market Correction

Not even considering 15 year fixed on non owner occupied, no idea if bank would even consider.

I would appreciate hearing from other lease option folks about how they explain this aspect of lease options.

Okay , so from what you’ve explained, it’s clear that my message is not all compelling, because I am just not getting responses ...period. so, I guess I start from scratch and rework the narrative.

Having friends with some money to lend you is also a key.There is no way to do this by going to a bank for a loan.