All Forum Posts by: Alfred Castillo

You don't say where you are, but its likely there's a Real Estate Investment Association somewhere near you. Try our list. Find one, go to it, and talk to other members. Someone will likely be able to point you in the right direction for forms.

You want local forms. Here in CO, there are some very specific laws about foreclosures, for example, using the wrong form can land you in "font size jail". I'd sure hate to tell my cell mate I'm in for using the wrong font on a contract, but that's the way the law reads.

No, I've not done a wholesale transaction. I'm focused on REOs, at the moment. I am on the buyers list for a number of local wholesalers, though, and have spoken with quite a number of them. Its a fairly common topic at our REIA, so I've heard fairly thorough descriptions of various forms of wholesale transactions.

I'd recommend getting a few books on RE investing, and start reading. "Flipping Properties" that you mention above, for example, walks through the process.

You know you're a real estate investor when it's 3 a.m. and you're on Bigger Pockets because you don't have to report to a job tomorrow :D

Man I need a social life..... :lol:

Tim,

I have this great book I want you to buy..It was written by my good friend Al Gore (who invented the Internet in case you didn't know) and since I like you, I will give you a today only discount of 75 cents......hurry, operators are standing by.

To become a millionaire just buy more houses, at a bigger discount (65% ARV)....make sure they cash flow...and hold onto them for a long time...Also do a lot of subject-to's so you aren't putting any money into the deal.