Joe Fairless interviewed Rich Carey on his Best Ever Podcast.

Has anyone ever dealt with this situation before?

I don't think we will ever see price developments as we see on the East and West Coast or cities like Vegas or Austin, we also won't see a crash as pronounced as these high flyers have experienced in the last down turn.

Even with a prior BK on one spouse's credit, with the 10% down payment they already made to me, they should be able to get their own loan.Do any of you Lease-Optionors ever send reminders to your tenant-buyers reminding them of the expiration of their option, so as to light a fire under them to "get a move on"?  

Neighbors are nice, nothing gets stolen or broken, you sell your spec pre construction, you own the land, you can fund your own construction, get a C.O. in 90 days or less and close with your buyer the same day, no warranty calls ever! 

I’m a newbie and hardly ever post on here.

Typically you'll need to make a larger down payment.

@Jeshua Patrick what ever happened with the rest of your story?

I have been very conservative with the information of my inheritance and have really only ever referred to it as a guaranteed comfy retirement that I can't touch not as money to play with.

I've seen redevelopment corporations in the news but have no idea how profitable they are and if its feasible for a larger-than-average mom and pop investor.Thanks!