Bradley 0 Report post Posted March 25, 2003 This is a question that I still get confused about is all the terms used with" Lease" "Option" "Subject To" are a few? And can organize the other terms that others use, For example if Birds, name all types of birds in this category. Wow what a good example, lol, but ya anyways I would like to be more familiar with the names and strategies. I here allot of people talk about different names and then I get so confused but then it is exactly what I thought.Thanks for answering the retared question Cheers Brad Share this post Link to post Share on other sites
-Tony- 0 Report post Posted March 26, 2003 Brad, okay lease- you got that one rightoption- you have the right to buy at a set price for a specified period of time but you don't have to lease option- aka lease purchase combines the two you lease for 24-36-48 month while you already set the price of the property in the option if you decide to buy sub 2- this comes from the latin subgeniuss motivatous sellerossono just kidding. Sub 2- comes from the term "subject to exsisting financing" which in a nut shell you take over payments (sometimes you pay a little for the equity) the owner deeds the property to you and leaves his mortgage in place until you or your t/b refinances Tony Share this post Link to post Share on other sites
Summer 0 Report post Posted March 26, 2003 OFF TOPIC Tony Love the new AVATAR!!You're invincible! Great inspirational image! Summer Share this post Link to post Share on other sites
-Tony- 0 Report post Posted March 27, 2003 funny you say that but battman was almost kicked out of the justice league, he was to cruel to the punks he caught.... but, it is a roothless world out there with the power of my lease purchase utility belt I strive to make it a better place. Tony Share this post Link to post Share on other sites
MichaelC 160 Report post Posted March 27, 2003 it is a roothless world out there with the power of my lease purchase utility belt I strive to make it a better place. TonySo, I guess I'm not the only one wearing a secret decoder ring as I make my calls?Hmmm......wonder how a Naked Investor Secret Decoder Ring would be received by the public?? Share this post Link to post Share on other sites