dretke

Thanks for the warm welcome and for your expertise. I'm trying to learn as much as I can. The trick is to keep it all straight upstairs! I'm glad to hear that you typically don't put down any money. What might some of those exceptions be that would have you put money down? By research I meant the due diligence that you would do if purchasing a property. What if the seller has a second mortgage. Are you responsible for that one too? Or, would those be ones to avoid?

HI, I'm a novice investor trying to find my niche. Lease Purchase seems to be a good option. I have a couple of questions about the initial transaction. When negotiating with a seller, do you also pay an "option" fee like a TB would to you? Also, what kind of research do you normally do on these types of deals? It would seem to be that there wouldn't be as much research needed. Thanks.