John and Laura just returned from Portland OR where they attended a Northwest Real Estate Investor meeting, featuring John Burley as the presenter. He was a good presenter, experienced investor and was able to keep the audience awake even late on a work day evening.
A new concept they learned was offering a buyer owner financing for a lease option and giving the buyer a 10 to 20 year option, this creates a cash flow for the seller. Apparently the buyer, if they are a first time buyer still qualifies for the $8,000 tax refund. This was very interesting, because traditionally, John and Laura have offered a one or two year lease option, but in this economy, a longer option would be beneficial.
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