Saim Chaudhry
Litigate or create a 2nd note?
I have a property in Sacramento I am looking for ideas on how to handle the owners situationOwner purchased and developed a lot of 6 homes, lives in one, sold the others, lease optioned one of them right next to his h...
Tony Henderson
I need advice on getting started with the right financing.
I'm new to investing. I've been educating myself for a year and I am ready to do my first deal but raising capital seems to still be the obstacle. I would like to by a single-family residence to begin with and rent it...
Shimi Elimelech
Owner finance - need your opinion
Hi everyone,What do you think about selling in this format?For example, I own a property that I bought for only 25,000$ (before repairs). I thought of selling it to local potential home owner for about 50k: 5,000$ dow...
Kaloyan Karamanov
Mortgage issue with Lease options
So I'm currently studying the lease option strategy and a question popped up. Initially when I get the option on someone's property which is still being paid to the bank, what happens with the mortgage? Is the mortgag...
Sierrah Fanth
FSBO Contract Question
When wholesaling a FSBO deal, you have an option agreement with the seller, which basically says that you have the right to purchase the property for an agreed upon amount.
What contract do you use for your end buyer...
Chris H.
Rent-to-own: Any reason I shouldn't? And, landlord responsibilities?
I have a home I have put on the market to rent, using a property management company. Is there any reason I shouldn't offer rent-to-own financing? I got the house at sufficient price that it would make sense as both ...
Stephen Thatcher
Very first lease option - advice?
I'm new to REI. I bought my first property in September 2018 using a HELOC. It's doing well. I'm able to rent it out to a government employee for $166 a day. My question, however, concerns my next deal. I approached a...
Karl Smith
Should I use an LOI or an Option agreement
I'm looking to wholesale 2 - 6 unit Chicago properties. The owner wants to sell them together. Both properties are C class, vacant and need full rehabs inside about $15-20k per door; kitchen, bath some wall replaced,...
Jesse Stephenson
lease option assignments
When doing these. Do you tell the owner up front that you are going to assign the lease option to another tenant/buyer? What if they don't feel comfortable with doing business with the person you assigned the con...
Qasiym Glover
1st Lease option deal
Hey guys, I have a potential deal that I found on craigslist, here are the terms:Sales price $115k, mortgage/taxes/insurance $1,200property valued at $125kRent $1,500I'm going to ask for a $10K down payment from the t...