I have been in the process of putting together a deal on an REO Condo I found for 25k. But due to my credit, I don't think I can get a loan to lock it up/finance it. So I placed an ad like this:
CONDO - RENT TO OWN
I am getting responses from buyers who want it, yet they want the address - which I can't provide to them because I don't have the deal locked up (because I have no money, and no credit) I need their down payment in order to lock it up and sell it to them on a lease option. The only problem is: How can I get them to put up the down payment without knowing the address and risk them stealing my deal once they see it listed for much cheaper then I'm offering it?