One block may be legal, the next block may not be.

Apply the 70% rule to determine your maximum allowable offer, then negotiate and get the property under contract, ensuring your agreement includes inspection and financing contingencies.Arrange professional inspections to uncover any unforeseen issues, using these findings to negotiate concessions or confirm your repair budget.

Purchase price: $330,000 Cash invested: $15,000 Legal 3 Flat (that was not for sure in the beginning).

An LLC is useful for two things: anonymity and legal protection.

Is this even legal?

Here in Michigan you need to be licensed as a real estate agent or broker to be legal.

I also got involved with a builder in Florida who has yet to produce the first of three houses they're contracted to build, which was a major hit to my available funds as well, setting me further behind.I also figured if I fell a little behind in saving (18 months instead of 12 months for example), I'd still be making progress.

I wish I had known that prior to me signing a contract with an agent.

Purchasing in your name might be simpler and cheaper upfront, but you’d be personally liable for any legal issues.

They don't talk about state specific title companies and contracts.