CAN THIS BE DONE WITH ANY PROPERTY?
No, you need cooperation from the Buyer and the Seller....But there are plenty of properties out there
that are eligible right now
HOW DO I GET PAID ?
Money must be generated to pay you by :
*The seller , which is usually how realtors get paid
*The buyer, which is how Loan Officers get paid
*A new Loan on the property, to be distributed as agreed
*An Investor who participates in a Percentage of future profits of the property
Is this Legal?
Absolutely, in fact it has many advantages over
other creative financing solutions
The documents are prepared by Lawyer ,so unfortunately there are 27 pages. It is legal in all 50
states . By the way if you, as a Realtor Professional,
suggest the common practices of holding a second , Lease Purchase
or Lease Option you may be held accountable . Lawsuits in Texas and Virginia
have been unfavorable to Realtors who did not know
the pitfalls of such contracts on the property . Texas
has outlawed Lease Purchase/Lease Options.
What does it cost to do?
The cost is between $2000-4000 to set it up legally
this is charged as a closing costs and can be passed
on at closing how you see fit . However, other normal traditional closing costs are avoided . All
parties can agree to be paid at once , or monthly or at the end of the agreement when all parties fulfill there obligations
and share profits per the legal documents.
You as an investor can get paid now, later , or monthly . The transaction is flexible
to fit the participating parties needs