I am also interested in lease optioning in order to both generate moolah and help other people out of a jam.

Yes, the inside can be trashed; there can be hidden structural damage; mold; lead paint (oh no!)

The question is dealing wih approaching a lead.

IIRC it's on about the first $75K now, not on the full $400K.Self-employed folks in the US (actually anyone) gets to write off all LEGITIMATE EXPENSES of of GENERATING THAT INCOME.

These leads should cost .30 to .60 per lead depending where you buy from and how many at a time.

.:).There's a few things that you need to be looking for..THESE are the things that will lead you to the good deals that you're looking for:1.

On the info you've provided us you're either (a) over-leveraged or (b) not generating enough free cash, or (c) not very far into your REI ventures.

These are the people that cannot qualify for traditional finance and the sub-prime meltdown has conveniently added thousands to that pool of buyers.Lease options have been around for years, the sandwich lease is a great way to generate cashflow from property only - it is NOT a buy/hold strategy.

I actually get calls and I don't even do anything to generate leads.

Doesn't take much to get that ratio up much higher, or even over 100%.Even a very optimistic 35% ratio (that's $100 more than your PITI payment) generates a $24,500 loss over 10 years.