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  1. Hi all, New here.. Just had some questions about getting my first l/o deal under my belt... I believe I have most the pieces..but how do I actually get paid? Say I have all contracts signed with buyer and seller, do I have to call a title company? attorney? Whats the actual process for closing on the deal? Does the buyer pay me the downpayment directly or does it go into some kind of escrow? If it goes to escrow, when do I actually get my check? I'm a little fuzzy on this part. I've started marketing for both buyers and sellers about a week ago, and providing the numbers work out should have something signed soon. I just wanted to be prepared to move on it and know what the next steps are. And can someone please explaine/tell me what rent credits are all about? I keep reading the term, just not sure how they're involved. Any help would be greatly appreaciated! Thanks in advance!
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