Looking at a Lease option to purchase and will rent out to my tenant.  Anyone have experience with these types of transactions?  Option fee is 10,000 for 125,000 purchase.  What is typical length, does payment apply t...

Hi everyone! I'm very interested in real estate investing (buy and hold) and I listen to the podcast, but I still haven't bought my first property yet. Right now I'm just looking for some guidance on advertising for s...

I found a home in an area that I want to live in. In 2010 it was listed as 190K now its 165k. The summary of the home say's that the owner will consider lease purchase. My first thought is they must be desperate to ge...

When assigning a Lease Option I would:Letter of intentLease agreementOption to purchase agreementBetween seller and I, then:Assign to end buyerCollect option fee and step out of deal. Since it is not considered down p...

In short, I have a tired landlord with 9 units (4 Duplexes & 1 SFH) they want very badly to get rid of. They just want them off their hands. Rents are WAY below market and they have no clue what they are doing. Th...

I am purchasing a SFR with an existing tenant that has been in the house for 3+ years.  They are currently on a month-to-month lease paying a bit under market rent.  I am okay with keeping the month-to-month and don't...

Hey BP! I have a question about transferring a lease from a property manager to myself. I'd like to use the company's lease to avoid confusion for tenants, but it's got their name and company address all over it. how...

Hey BP! I have a question about transferring a lease from a property manager to myself. I'd like to use the company's lease to avoid confusion for tenants, but it's got their name and company address all over it. how...

Hi BP,

I have been doing virtual wholesaling for less than a year now and I love it. I come across a lot of deals that don't make sense to wholesale, however they look great for doing a rent to own type deal. I am ...

How do I know how much my assignment fee should be?