Commonly known as and more specifically described in Exhibit "A" attached hereto and made a part hereof by reference, together with all tenements, hereditements and appurtenances thereunto belonging.For and agreed sum and for good and valuable consideration of the covenants and agreements on the part of the Buyer, Seller has agreed to sell and convey to the Buyer and Buyer has agreed to buy, the Property upon the terms and conditions set forth in the Contract, which terms and conditions are incorporated in this Memorandum by this reference.Except as provided in the Contract from the date hereof, Seller shall not have the right, with respect to the Property to enter into any new contracts, leases or agreements, oral or written, without the prior written consent of Buyer.This Memorandum is not a complete summary of the Contract.

Don't use any of your own cash or credit until you know what the heck you are doingWhile I can certainly appreciate the ability to do deals without your own credit or cash, I would suggest that newbies take caution with this advice, in fact, other than using partnerships, I believe it is for the advanced investor, not the beginner.If you use OPM (other people's money) and credit as a newbie, and then lose some, most, or all of it, you will kill your rep, your ego, and if borrwed from the wrong person, yourself.It is important to understand the fundamentals of your strategy and how to properly execute them to avoid losing your money or that of OPM.

When I do this I get either all the updates in the main category or all the updates across all the forums.

Portfolio loans could have some of those features or all of them.  

I don't know if she was specifically referring to the "rich" or all in general.

They need tons of work or are gutted or are filthy or all of the above.

Regardless of whether it taxes some or all of that market I don't agree with it.Also, you quote me above saying that "3.8% tax on real estate".

In "section 8" situations the government pays the rent (a portion or all of it).

Troy Cole Did you use financing or all cash for his deal

A property would sell for $100,000 cash to the seller (conventional financing or all cash buyer).