Hello Biggepockets community, I’m new to investing in property as a whole saler I put into offers on two different properties and the realtor sent me the contract and both contract states that the property cannot be assigned what do I do in this instance.

For instance if you’re one of the people that think the 1 percent rule is a good idea, Then base your loan amount on that too. 

@Jay Hinrichs has been in the real estate business for forty years, and has probably forgotten more about this than I've ever learned...for instance, I've never bought any OREOs from auction.com or any auction site.I have never done a closing sight-unseen.

These instances are where having no money really hurts.  

For instance, if you sign a one year option with him, and he doesn't exercise that option within that year, that contract disappears, and then you sign another one after that. 

You can put $5000 into mobile home parks, $5000 in shopping malls, $5000 in apartment buildings, $5000 in medical offices and $5000 in self-storage for instance rather than $25,000 in one single family home.REITS should theoretically return less because you're paying for a professional management team that has years of experience with that type of investment.

Try a google search looking up the name of the community with "flood" for instance "Bound Brook NJ" and see if you can find anything about a flood the community might have had or you can look into calling the local floodplain manager and ask them if the home has flooded before.

For instance, in my current deal, I have to pay back the seller on taxes paid YTD in my closing costs.

In this instance, the borrower will have five financed properties because the financed building lot does not need to be included in the property count.

I've heard there may be creative ways to make other money that is already mine work for me in this instance (i.e.