Save your $50 filing fee, get on with your life and enjoy the holidays.

This is a great site, I'm sure you will enjoy your time here.

Welcome to the board Scott this is a good board to network especially to newbs who want to get into REI.So sit down grab a beer and enjoy the show :mrgreen:

As Ryan said, if the seller attempts to go around you, while the contract is in place, you can take legal action, or simply cloud the title, which will keep the seller from being able to sell the property.

Seems like skewed reasoning, as though they wouldn't mind financing me if I had simply paid $30k more for it!

I simply chose to give back to a forum that has been so very beneficial to me.

The basic idea of a lease option is pretty basic but the details are what will make the experience good or bad.The way that I do lease options and the most successful way I have experienced is to lock in the sales price, give a 3 year lease, and require the tenant to make all repairs.The other thing you are talking about is purchasing the home "Subject To" which simply means subject to the existing financing.

It's simply a dud and "terms" won't fix that.Minna - YOU CAN DO BETTER - a lot better!

I say do Both...but I actively trade currency and It's kind of nice not to have to deal with people, banks and properties when you are trading ;D I can do much better than 10% per year trading on my own, but there's +'s and -'s with any investment.But I enjoy doing both so I can't see me giving up one to do the other solely.

We are simply having to pass on them.