Apartment House Riches Bootcamp Day 3 Update

Jan 212010

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dana says:

February 5, 2010 at 1:43 am

i need help solving a deal its a ten unit apartment complex that has 2 notes on it totaling $ 650k , the owners want to give the property to me just take over pmt., the challenge is the notes have a due on sale close so we are trying to figure out a way around the clause at the same time secure both party's interest, Ive heard of the lease option idea but I'm not sure how much security, i will have , meaning some one could put a lien against the property even thought i record the lease option, any help would be great, P.S. i would like to here from people who have actually done transaction at this level ..