Now that you have your formal education completed, you can go out and get your "street degree" in real estate investing!

Would a formal intent to purchase letter with intent included suffice?

The one bit of advice I've got for you is to be sure that you have a formal agreement with your partner.

Those six traditional forms of covenants can be broken ...http://encarta.msn.com/dictionary_561503550/deed_of_covenant.html deed of cov·e·nantnoun Definition: U.K. signed agreement: a signed document by which somebody formally agrees to make payments for a period of several years to a person in specific circumstances or especially, formerly, to a charity.

Many times (probably 70% in my experience) doing a formal inspection on a wholesale deal is not possible or at least feasible.

Only recently, formally good markets, Austin, Charlotte have started dropping in price.

Yeah, I plan on asking him all of these things, He made the "formal" offer last week and then today I found out he was in the hospital, So I just wanted to get an idea of what is involved.We had planned on making a business plan and arraignment on Monday.

A LLC is a formal business that is formed under state law.

That along with figuring in a couple different factors normally gives me a fairly good general estimate of ARV.To be more accurate, you should pull 3-5 individual comparable houses (roughly the same square footage, bed/baths, amenities, etc.) that have sold in the last 3 months (sometimes 6 months depending on your market) and figure an average sold price per square foot and then multiply that by your house's square footage.Curt, on a side note, do you find a formal appraisal to be an accurate estimate of what it will realistically sell for?

Come to network, talk shop, and enjoy yourself.We're going to try and formalize the gatherings a bit with speakers, but expect the usual laid back, easy-going networking event!