Lease Options -"$100 Yields $20,000..." - Posted by Janine Peterson

Posted by Bronchick on June 16, 1999 at 10:06:19:

Not a problem at all. I brought my tenants to a mortgage lender I knew.

Lease Options -"$100 Yields $20,000…" - Posted by Janine Peterson

Posted by Janine Peterson on June 16, 1999 at 07:16:30:

I am very interested in using lease option strategies for creative financing.

In the example presented by Mr. Bronchick in his article “$100 Yields $20,000 Cash in Six Months” how did he get around not being on title to the property? Did the bank have a problem with simultaneous deeds being recorded at closing? Many banks that I deal with have a problem with these “flip” situations, was this an issue?

Janine Peterson
Mortgage Broker
Crown Mortgage