(I was originally thinking 6% and thought that would be considered to be too high.)C) How do I find a proven and reputable loan originator who will do this?

It must have a better historic reputation for those who did not participate as I recall it wasn't that educational (LOL).

and an open HELOC is just like an ATM in a way - just have to ask for money, and if there's any there you get it (and some HELOCs actually come with a plastic card that you can use just like other plastic cards!).

I take my business, my reputation and my ethics very serious and don't appreciate his accusations, joking or not.To everyone else, stay tuned until tomorrow (assuming there's progress), I will keep you posted on my conversation with the title company.

Unscrupulous sellers can use lease options to fleece unwitting buyers out of their options money, which is why these have a bad reputation and are illegal in some states.

This might work for you with your experience but I could see why you might have trouble convincing someone new to the game, or at least new to the area, to buy such a property.Most wholesalers have given themselves a bad reputation due to greed and incompetence.

There are several "low/moderate" income programs that can require such signage, a Sec. 42 Tax credit program for example where a home value could be 120/130K but rented with assistance.You need to know the reputation of the subdivision.

I wouldn't want my reputation to go bad because of a deal that went south.

Turned out here, an approved container was a 15 mil plastic bag inside a cardboard box with all sides and top taled off with duct tape!

I could go either way, but I had a friend who recently got a bad reputation so that is why I am changing my opinion.I would say if you don't have the ability to close with your own funds or private or hard money funds, then you need to find the investor first.