They explained that with buyer and seller involved the fee is twice as much.

As I am certain you know, there are many factors involved and I would have to believe that a market strategy would be relative to the particular place in the market where the home fits.

This pricing might not be all that bad depending on what they had to do to the line to move it and work involved."

BTW-I’m following the “J Scott” program.

Assuming you decide to keep a property under the option to lease option and hold onto it for whatever reason ( maybe to exercise the option later for a profit on the back end) if the TB doesn't exercise it.If you are lease optioning and assigning, it is a non issue, if you are sandwiching, you disclose that you have clouded the title with the owner, and you want the TBer to exercise, assuming they have been signed up with a credit improvement program, they are eager to cooperate. 2.

If there was a Hall of Fame for investors, Lonnie would probably be in it.It's too bad too that so many following this scheme did so as preditory dealers to the extent of having federal legsilation adopted to restrict the practice.I guess the best way to proceed is to make enough on your fist few deals, maybe sell the notes for cash and pay the fees to become a licensened mortgage originator and a dealer, otherwise you'll be limited to conducting business.BTW, Another similar "system" involves selling land, if it's zoned residential or can be used as residential raw land, it also falls under the SAFE Act.

However, IMO you have a moral obligation to work with your tenant/buyer and try to get them in shape to refinance at some point, possibly a LOT more involvement than you wanted.Just be careful not to generalize on an area as a "high crime, low income" area.

Hello All,I am new to this group of Bigger Pockets and welcome your input and my involvement here.

Check with the power company and tell them what you need they may offer a similar program.

Bank didn't do a real appraisal but their program had it at $85,900 so I can pull another $10k back out of it pretty easy.