Good Morning, I hope everyone had a wonderful Memorial day weekend!

Thanks for sharing (the memories) @Wendell De Guzman,I remember trying to do my first deal.

I own a home in Memorial Parkway and have been looking at other homes in that area, but they are like you mentioned, in need of repairs that probably aren’t visible in photos.

 $5000 per month x12 months x2 years is 120,000.Now Bobs memory is getting worse.

Once you can write down on a piece of paper exactly what all of the inputs and outputs are to a cash flow statement from memory, then you've learned enough to confidently analyze a property and you won't be asking the crowd about it.Good luck!

I also recall the memory jogger SMARTER: Specific: Goals must be detailed and clear.

If you sign up for a year which costs around 85 bucks if memory serves, you get your domain free.

@Assaf Furman  I built new construction homes in Los banos in 1990... selling for 125 to 150k in the day  fond memories

He who cares the least wins"I have been in so many situations in my life where I have pulled this out of my memory and thought about my Dad saying this.

"Consideration" is an essential part of any contract, meaning that something of value (normally money) has to change hands to make the contract a binding document.If I read your post correctly and no money has been received yet, then technically, you don't have a contract.I have a distant memory from my business law class (over 20 years ago!)