How quickly can they get the deals done?  

While I would never discourage anyone from trying to close a deal, I’m simply pointing out the similarities of 2006 in which the industry was saturated with far more uniformed participants trying to get rich quick than those who know what they’re doing when structuring deals.

She quickly found us another home which we fell in love with although it was above our price range.The deal was made and we got into our $150,000 house (plus the VA funding fee) with only $2,500 in closing costs.

Start getting into new windows, a/c, plumbing, etc. and the constant repairs can make you upside down quick on the property compared to what you can sell it for down the road.

Hello all, I have a quick question, I am new to real estate investing and recently came upon a property where the seller is asking for 23k.

Lets do it together real quick:80K ARV20K Rehab50K PurchaseMoney borrowed=70K Time borrowed= 6 moHard money Costs=7K (10% of 70K: 2points on front 2 points on back, and 1% a month)Real Estate Commissions=8K (10% of 80K: 3% to listing agent, 3% to buyers agent, and 4% to title work, doc stamps etc)...so the flipper would take 6 months to lose 5K and you still havent gotten paid either...But wait, there's more: Upon further inspection the wholesaler's numbers were wrong anyway, the flip is going to take 32K and the ARV is really only 64K and I can only buy it for 12K (lets say 9K to the seller and 3K to you)12K + 32K = 44K Hard money costs 4.4K and closing costs 2.5K, RE commission is 4KTotal costs = $54,900Sale Price = $64,000Total Net to flipper= $9,100 Joseph, I am not necessarily a mentor, yet. haha but I would be willing to answer any of your questions. 

* GREED  if you think owning a park is easy and your going to get rich .... 

Some people think paying on the 15th+ once isn't that big of a deal, but it can quickly lead to the tenant finding themselves unable to make enough money to have rent ready again on the 1st of the following month.  

A city planner or an architect could quickly determine how many units could be built on the site.

I plan on doing my first deal within a month or two, but i have a quick question about how to get the contracts i need.Today i tried to get a lease option agreement template from a few sites like legalforms, rocketlawyer, and lawdepot.