Sorry for the confusion.

Hello this is John"Now I could answer, Hello this is John with Leasing to Buy and We buy Houses, but it confuses them.But whatever...If it's a seller, they got my number so they know they are calling John.I could also answer.."

Based on everything he posted I'm guessing he's figuring his "capital gain" is due to the fact he's buying for $2k less than full appraised value.He's confusing capital gains with equity.

Steve,I might be confused here. 

I think you're confusing where the $40k goes.

So I'm really confused - spend so much time trying to find a location here or go back to what I know and try it long distance in Michigan.If anyone's been in a situation where they were new to an area and a newbie, how did you handle that?

Joe Gore Joe, so as not to confuse folks, the St.

Yeah, I'm a little confused too, although I guess if you put the house under contract in the name of the land trust you dont have to assign it.Not really a good way to put a wholesale fee in that paperwork, you are basically selling the beneficial interest of the trust instead of assigning the contract, it'd be a separate agreement.

You're post is a little confusing on that point.

I may have read too much information and confused the option with equity.