As far as cash on cash return at 20% down on each scenario I come up with the following for year one: 22500 (.2) = 4500 (Down payment) 1200/4500 = 26.6 % Cash on Cash Return 360700 (.2) = 72140 (Down payment) 1200/72140 = 1.6% Cash on Cash I forgot the difference between ROI and Cash on Cash.

i'm still preparing to prepare i need to follow you and take action!

The things I can think of so far are as followed:1-Record a Memorandum of Contract--do this through the county court.2- Pay the sellers mortgage directly, through a loan servicing company.What else can I do?

All REV accounts will help you if you follow those simple rules.. just remember that while the account is new it WILL neggativly affect your credit for the first year.

I am referring to the situation where the buyer's financing is approved and the seller has met all his obligations, but the buyer does not bring the closing funds nor execute the purchase/loan documents.I know the earnest money is forfeited, and a lawsuit might follow, but what about insurance and letting the insurer sue to recover?

After following a few links, I found a short list of preforeclosures.

Protecting Yourself in Sandwich Lease Options: The following is from Robert Lawry: --------------------------------------------------------------------------------- Protecting Yourself in Sandwich Lease Options When buying under a lease option agreement, there are several things you need to do to protect yourself.

I will have to get a loan for the house, I won't have cash, well unless I get it for dirt cheap.I'm torn between the two plans, but I have time to figure it out while I learn as much as possible.I have gotten a lot of optimism in this forum, which will keep my fire burning.I would like to do some mock deals, practice if you will, and I'm not sure if I'm going about that the right way.I have a record of a bunch of homes under 100k, all foreclosures, and I'm scouting them and hoping to follow them through the sale and see if I was close to the sale price in my assessment.

And follow the three click rule.

But I am unsure what they are.Does this sound correct to those of you with more experience and have been following the news about the bailout?