Posted by alvin on May 28, 2008 at 21:51:17:
im a newbie myself but very knowledgeable with creative investing.
the strategy im working on are land trusts, triple net leases and equity sharing.
tenant/buyer should be pre-approved for a loan before they exercise their option to buy. when the option is exercised, escrow is opened, a purchase agreement is signed. pretty much its a conventional transaction after exercising the option. when the underlying loan is paid off, thats when the tenant/buyer will get title to real property