As I mentioned before, I am probably going to be stuck with out of state investing for a bit, at least until my area in So Cal. comes down more, for my current strategy, buy and hold rentals.

Hello BP world,I was reading a blog earlier about a new technique and it mentioned purchase agreement and contracts.

I forgot to mention.

Remember when I mentioned networking above?

Someone mentioned elsewhere that it is better to buy 3 properties at 30% down than one property with cash because you get a better return on your money that way.

As Jon mentioned, try finding a group of investors to come up wit the down payment.

Not to mention you will have to get an attorney to form your LLC together and an accountant to file the annual reports each year.

I saw you mention something about excel in another post, but I have little experience with excel.

Thanks Dan,So you as the investor would: -contact the seller, get him to sign a form to allow contact with the lender-You contact the lender and negotiate a forebearance of something like you mentioned, a certain amount up front (you said 1/5 up front - did you mean 1/2?)

And of course, you have to be running the LLC as a legitimate business, as mentioned above...