Buying Pre-Foreclosures ...what Is The Best Option?
I have a list of owners who want to sell me their home before they are foreclosed on but I have a problem.
I'm not able to get any more money for loans due to debt ratio (5 houses). So is there a problem with the homeowner to sell to me on a Lease Option or RE Contract?
Can anyone tell me some serious downsides to doing this? Thanks. 
Check the Subject-to forum. There are many ideas in there on how to buy pre-foreclosure without using money, or your own financing.
why not meet with them, get them to realize that their house is killing them financially and the should consider moving out (if it really is killing them, if notfind another solution).....if they realize that and want out, call up an investor and tell him/her you have these homeowners who want out, i have no money for this deal and would just like to pass it on to you as long as i get compensated....and go from there.....
Maybe I need to clarify - I have enough money to give them to move out - but not enough to get a mortgage - so that is why I want them to sell to me on a Lease Option where I would assume the mortgage