All Forum Posts by: Account Closed

Is there a posibility that perhaps one or more of the seasoned investors were to write an article on how to do a Lease Option transaction....outlining all the steps from beginning to end?

And another thread were only creative financing ideas are exposed....

This will help most of us newbies.....we would research the topics and subjets....and learn from them......perhaps make questions if needed....or simply return the favor by listing one of our success stories......

I believe that this forum was created to help all of our members....

I appreciate any comments or suggestions to improve this forum.

Happy Investing!

Hi everyone!

I am from California and I am very interested in Real Estate.....

I would love to do some deals with no money or credit of my own...... I've heard of Creative Financing.... Lease Options, Assignments, etc....All sounds great..... would appreciate any help to get me starteed....

If you know great material in Creative Financing, Lease Options, including all the forms and contracts requiered will be much appreciated.

Happy Investing to all....

I am interested in doing creative financing.... Lease Option Purchase....Assignment of Contract, etc....

If I understand....first find a property..... preferably FSBO.... work out a deal with the seller where I give the seller X $ amount such as $4000 plus a monthly payment .... and the option for X amount of time........

at this point does the lease option gets recorded or how do I protect myself from the transaction?..... what happens to the deed?...

now... I find a buyer who is willing to purchase the property.... what happens next?...... we draw a contract to purchase.?....o will it be an assignment?....or simply another lease option?......

next....we are ready to exercise the options......

my option with the seller.....and the option with my buyer....

how is it handled at this pont and by whom?

how is the money disbursed?....meaning....my buyer pays for the proptery.....seller gets his money.....and I get my share as per the purchase option with the buyer?.....

I've never done any deals and would appreciate any imput, guidance for all of you.....

I do thank you in advance for your time and consideration.

Happy investing!!