When the tenant buyer exercises his option to purchase his house directly from the owner, do you get paid at closing? Does this also mean you dont pay closing costs?
Hi everyone,
I have been looking and learning on the forum for about 5 months now and came across what seems to me like a pretty good start to my real estate business. I currently live with my parents in Illi...
Hey all,
We've recently started working with lease options.
We have a tenant buyer site set up and we're working direct mail, Craigslist, fsbos and expired listings for sellers. As you can imagine, we're getting pl...
I have a mortgage loan for 703K at 2.875 interest (7/1 ARM, still 6 more years left) - I am paying $2988 I have HELOC for 90K at 5.25 variable rate, i am paying $370 per month (interest only)I have two options now 1. ...
Hi; I'm a new investor who had the privilege of pitching my plan to a panel of experienced members at my local REIA club. They told me lease option deals weren't popular in California because you run into problems wit...
I am looking into doing some lease options on properties. Basically I am trying to find people that is interested in doing a lease option and then trying to find them a property.
What all is the person that leases t...
so i hate to be annoying because i have asked this a few times. BUT! i just got my envelopes, stamps, and my yellow paper and before i write up 400 letters i want to be make sure i am doing it correct. so one last ...
I'm new to the real estate game. I have read numerous books and have almost no money to risk, so have decided that I have to start with straight options. I haven't been able to find an explanation of how to close on a...
I was talking with a friend of mine who is a real estate attorney today and we had a discussion that I think many current wholesalers(and noobies) are not aware of.
Typically when you wholesale you schedule the closi...
I would really appreciate some expert insight on how to structure this new offer on my townhouse....
They buyers really want to buy it. I told them the price of $377k. I owe $376k. It is worth about $250k with al...