Since I'm not a lawyer and I don't know what state you're in, you'll need to find out if this property passed to this guy automatically because a living trust was in place, or if it needs to go through probate before he gets it, or if he was a joint owner with the sister.If all this is clean, then you should be able to buy it from the guy.

In addition. the notion that white flight automatically assumes areas that were good will be bad speaks to a very ugly bias in my opinion.

Not having an NMLS or real estate broker license doesn't automatically mean that what they are doing is illegal since there are provisions for one-off mortgage lending by unlicensed individuals (lending your nephew money to finish the garage being a good example), but there's about a 95% certainty that if you're doing it for a living and/or actively putting yourself out there as a mortgage lender of any form (like if they are doing enough volume that they use email templates...), you are supposed to be licensed.Another flag is anyone asking for up-front fees before you're even in escrow, or fees once in escrow that exceed a normal appraisal cost.If BOTH of these tests fail -- no license AND up-front fees -- they're almost certainly a scammer.

Start with what you can afford and then setup automatic investing (weekly or monthly).

That way anytime a tenant cancels service, it'll automatically revert back to your name.

Hey guys, as I’m looking at a lot of properties in Philadelphia I see over and over again this general message- that it’s already occupied and that the tenants are not to be bothered/no showings/no home inspections- does that automatically take this property off of your list?

I had a very Chinese upbringing so really just putting myself in the emotionless robot work mindset most of the time.

If it is tenant in common I believe that has it already spelled out.Talents wise, I have more knowledge on real estate and systems and they have more knowledge on small business ventures.I was originally thinking I should get an automatic 5% more equity because of finding the deal and being the primary but I would really like to work several deals with this Investors so I was going to discount that.

They offer a deal automater program, they claim to have mentorship and teach you how to acquire properties through leads and wholesaling.

Just because you are calling her doesn't mean she will automatically buy, but she may want to leave behind a legacy for her heirs.