QUOTE (markl @ Jan 26 2010, 09:22 AM) Chris, If that is the case they need to see 3 months of deposits. Since we do not want to put it back in their hands typically we will put it in a lawyer`s trust account for 3 months if necessary to complete the transaction. We have the tenant work with...

Hello RTO/LTO experts. When the tentant-buyer is ready to get bank financing, what does the bank need to see in terms of proof of a downpayment? Would I as the seller-landlord have to keep all of their deposit/downpayment money in a bank account to show that it exisits? Or, is a written letter...

QUOTE (NeilUttamsingh @ Oct 19 2009, 09:38 PM) Hi Adam, One of the concepts that Ron taught was Options. Options = Acquiring the right to buy a house for one price and usually selling for a higher price or purchasing yourself. My real estate agent that I was using said that it was and `a bad...