Asking For Help.
I'm new to the board, and though I've done some reading on breaking into REI, L/O's are the newest strategy I've come across and it really seems like the way for me to get into the business.
I am from NY, NY, and I am understanding that the contract is the piece that makes or breaks the set-up.
I've been looking at some lease agreements/ lease purchase option agreements, and I understand that sometimes there are complications due to the mortgage that may be on the property (due on sale clauses).
Is there any other fundamental I should learn about or research?
Can you recommend a "million dollar contract" or possibly give me access to one that you presently use so that I can have an attorney look it over?
I'm anxious to begin because I want to be able to give my fiancee lifestyle.
Mentorship or guidance would be very much appreciated.
thank you for reading.
hi byoon, i would suggest staying on this site and studying all you can on l/o's..this site along with a companion training manual will have you up and going..i bought the lease 2 purchase, quite a while ago www.l2p.com , but was confused on some things then i discovered this site and BAM it all came together..i like the manual for the dollar value, but ,combine it with everyone here and its becomes priceless..
regards-pat
thank you pat, your reply is much appreciated.
I will do as you suggest and keep you all up to date with my progress (since I will probably be hassling you all with questions sooner or later)