A thread I started today in another forum enlightened me to the fact that I haven't established my criteria.

I don'tknow where a person would buy options for $1 butI'm going to grab some popcorn and sit right hereand wait for someone else on this board to enlighten us all.From re-reading your post it sounds vaguely like the idea:"put a property under contract and then flip it to a developer".Maybe...is that what you've heard and you just assumedthat the way to get it under contract was to option it?

Your post was enlightening to say the least.

Least I have a degree to fall back on :D .but I digress...Thanks for the info--very enlightening!

Just drop me a line :D Also, I was looking into preconstruction investing in places like FL, GA, and NC/ SC, can anyone who has this type of experience advise and 'enlighten' more on this subject?

OK, so how about you try to enlighten the rest of us?

Horse-feathers as my grandfather would say.Skimming over the aspects of finding a note, negotiating a price, getting agreements and assignments signed, calling the borrower and introducing yourself is not an education, it's an enlightenment to the process.Now, hopefully everyone knows why I seem so negative when someone that has no finance knowledge, very little real estate knowledge and a lack of business experience posts to say they want to get into the note business and begin next month after some crash course.If someone is a technician in some field or a business operator, perhaps an airline pilot or a computer engineer, there is no way I could step into their shoes in a month or probably a year and do what they do.

I'm always open to new techniques, so please enlighten me.

Hopefully their financials (bank statements, etc) will be enlightening, as will their credit report once I get their application fee in the mail...

Can someone enlighten me here?