All Forum Posts by: Eli Hood

Thanks @JScott. That was pretty informative.

I have been kinda "stuck" i am trying to get out, the farest thing i have done with real-estate investing is looking at properties with owners, i want to take another step in this. I am unsure what to do after i look at house, can anyone give me any pointers or any tips on taking the next step ?

Also, what do i need as far as legal documentation if im double closing ?

Hmmm i see.

Hmmm how long did it take you for your first deal ?

@James Vermillion Its only difficult and hard only if we think it is. Sure it will take some work just like anything else, but its important we stay positive, and have the right attitude. When you use words like its difficult and its not that easy your already setting up a mental barrier that will prevent new real estate investors for starting out.

The only thing about this thread that i don't like, is that chris has a capture page that will make him money if we sign up.

@ChrisLogan Can you explain how a "subject to" works. All i know is that the owner puts the deed under your name.

Another question, what is your method of finding a cash buyer when you do a wholesale deal ?

@Chris Logan i thought i was the only one that was conscious of no money down deals. The majority of real estate investors do it the traditional way, nothing wrong with that. It is always heart warming to know that their is an option that doesn't require money for someone who is just starting off.

WOW, those two responses shifted my emotions to joy.

I'm definitely going to look into a credit union.

Feel free to comment, this is more of a brainstorm thread, so i and other real estate investors have more options to think of when funding a deal.

So my cash buyer gives me the money and i use that money to buy the property from the original seller, and then the cash buyer.now owns the property. <-Is this correct ? I know i get a cut somewhere along the lines.