Definitely read through "The Ultimate Beginner's Guide to Real Estate Investing" a few times to get a solid grasp of what this whole thing is, and then check out this article:How to Start Investing In Real Estate at a Young AgeSeeya around the site!

The seller is really grasping at straws and price is not set in reality.You will get offers all the time for business of varying models.

I need to get a grasp on the basics before I do anything.

And once you fully grasp it, it does become intuitive.

If so, you could think about Hard Money Loans, but just make sure you really have a strong grasp on the After Repair Value (see my article How NOT to Flip a House: An Embarrassing Story of Wasted Time, Money, and Opportunity) If you plan on holding this - hard money isn't going to work.

However, the importance is just getting a firm grasp on the numbers before hand.

I know this is a lot of info, but using an example is the only way I think I could grasp the concept.

So I just had to do some research as to pre-approved vs. pre-qualified and I have a basic grasp of it.

I still think he is a bit young to grasp the concepts associated with rehabbing and reselling an investment property.

The note holder now must be familiar with real estate market issues, property conditions, marketable areas, value fluctuations expected over time.A good loan officer needs a commanding grasp of several areas of real estate.