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Situation-I am using a non-recourse loan along with my solo 401(k) funds to purchase a rental home.
Borrowing-130,000.00
Loan term options
Fixed rate20 year loan 6.5%
Variable rate 25 year loan
10/1...
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I am interested in knowing if others have ever purchased a property from a seller that circumvented another's option to purchase that was in place. I have an interest in purchasing a property that another person has a...
I have lots of leads for wholesaling lease options.
What is the best way to structure this?
Should I use an exclusive option, or I have heard of non-exclusive options where the seller can continue ma...
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From speaking with a couple of mortgage brokers, the option fee cannot be used as "an acceptable source of borrower funds" as stated by HUD. Could the the tenant / buyer sign a purchase contract with a non-refundable ...
Hi everyone,
hope everyone is doing well from the pandemic situation. My wife and I have been just setting aside cash to buy a home. we have multiple ideas, starting from:
1. buy a single family condo/townhome here...
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I have read and listened to tons of info on rental real estate investing and I am now at the point of pulling the trigger. Visited a few properties over the past few weeks and finally toured some tonight and now I am ...
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I have a couple basic (probably dumb) questions about a lease option.
First I need an option form that is tenant buyer friendly and hopefully adresses a monthly credit as well. What I have is very seller friendly and...
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I am currently in negotiations on my first investment property I had bought in 2006. I know it is a bad investment but i learned a lot through this mistake.
The home is located in a "B" neighborhood and I p...
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1. A lease option is just a lease with the option to buy... these kind of agreement do you really need an escrow agent to close the transaction? I thought it was just like a rental agreement with an option to purchase...
I’m asking because I have a deal. The owner says we will go to a notary and get the lease option contract motorized. Though since I’m wholesaling it, I thought it needed to go to a attorney in order for it to be close...