I have read the book named Profit from Real Estate Now and I really like it. It is very encouraging but there are problems with this No Money Down purchasing ideas.
The first problem is as follows
If I get a Seller to accept my Purchase Offer with the delayed Earnest Money Agreement idea. I still am going to have to have a Lawyer, Title Company or my Real Estate Agent (If I can find a good one who thinks out-of-the-box)hold the deposit from my End Buyer.No lawyer is going to do this without a Retainer Fee so therefore this isn't really going to wirk without a Lawyer unless the Title Company would do it and I would do it FREE!
If I want to do a Lease with Option to buy this would necessitate a Lawyer as well would it not? What if the Seller came down with Alzheimers or something or became insolvent?
ANY AND ALL FEEDBACK IS WELCOME. THANKS!!!!