RealNoob

Hey all, I was trying to explain to a friend about CA's. And I was telling him it was a win for everyone involved, I had reasons for the seller, and the investor. But Im not sure that there is anything to be gained from the buyer that I can tell. He would pay less up front costs than the traditional way of getting a loan would work, appreciation factors if in fact the house did appreciate. But say he got in a 2 year CA deal and needed to aquire financing to secure the deal before the option is up, how would he be able to afford a loan if he paid most of his pocket money as an option fee? Because mostly I have heard you need 20% down to get a loan, if he uses all his option fee he would not be able to afford 20% down. Unless say he paid 20% into the house during the lease and then he only needed 80% of the total loan from the bank. I feel I might be talking into circles, if anyone could clear this up and understands what im trying to ask it would be much appreciated.

Michaeld you made my day, I was driving home from work today excited to check the forums, and i was wondering if there were other newbies out there watching and reading like I am, waiting and dreaming of there first deal.

I had another question, I was reading around about your periodic calls that are set up, to motivate and share. Could I get in on that? It would be greatly appreciated.

Thank you for all the adivce, tonight when I get off of work I will be turning the t.v. off and formulating a game plan. Hopefully soon I will be posting my first deal up here

Hello everyone, after quite some time from reading through the forums as a guest, I created an account and decided to just put myself out there. I just finished MC's book and I told my wife after this book I would stop talking about it and take some action. Well its time, I had 2 questions bothering me before I began. 1. What would make somone go for a sandwich LO rather than a CA? I understand more would be made with the sandwich, do you always start out pitching a sandwich to the seller? Depends soely on the motivation of the seller? Or just how does the conversation get opened? Maybe they decide not to go with the sandwich option then you counter with the CA? 2. Ive been in the military since the age of 18, I know nothing about the "market" or how to guage it. Should I just try to find any house/deal where I can work with a seller and hope to find a t/b? I was thinking as long as a clause is in the contract to get out if I cant move it, I could try to move anything. I actually have a million questions but I know they are just excuses to keep me in my comfort zone, and I realized today I need more knowledge, but I can never stop learning. So I need to get on with it because with what im doing now I will never be able to achieve my dream. Any motivations would be GREATLY appreciated. Thanks