Hello BP Nation.After reading the post with link below:https://www.biggerpockets.com/forums/517/topics/60645-lender-scams-and-warning-signs-beware-protect-yourself-I decided to share this experience to ensure no one is being ripped off by this practice:I met this company through a trusted TK provider I was going to buy a property from.The lender is a broker by the name Tony O’Brien who works with/for a firm called Summit & Crowne Capital Partners.

A majority of time it will kick us right in the chest without warning. 

I can break the contract any time, but will likely wait until the end of this lease unless things get worse, as some of you warned they could.Thanks again!

Warning: this may be long. 

Done right it might be possible for the increased value of the building to fund the cost of the conversion so you do not need a lot of money sunk into the property.Final warning: Do not pay the present seller for future NOI.

Thanks for all the warnings and advice everyone.  

Hello all, this is a very complicated question so I will try to spell it out as clearly as possible with an example. Mary wants to sell her house. The ARV of her house is $300,000. I offer to Straight option Mary's ho...

But I have definitely been warned about owners with malice intentions, If you don't mind can you go deeper into what you meant when you said owners "loan to (re) own".

It seems this loan is what most of you warned me about."

So I do recommend him but warn that his rate is high (possibly very high).Good luck