I place my message inside the fake money; they look like a real $100 dollar bill.

I have seen many Realtors spend money banking on a closing and end up in debt.Not saying that someone might pass away and the little old lady agrees to allow you to do a lease option with a promise as an option price, but spending time looking for her is going to be, IMO, in the end, a waste of valuable time where you could be making money.A seller will ask to see your ability to perform under a contract, the bigger the deal, the more hard nose they will be.

Almost 10 years ago, I promised myself that I would never give up no matter what obstacles I faced, and I strongly feel that has been my key to success as an investor.

It states how much they are paying in rent, how much, if any security deposit they have, what utilities they pay and the landlord pays, and if the landlord has made them any other promises such as an option to buy or special discounts, etc.

On the other hand, you’re proposing what is probably the riskiest of all transactions.In this case, you’ll borrow money to purchase a house without assurance you can close and you’ve promised to pay off your loan in 30 days.

Here is one;Guru - Someone who charges others tens of thousands of dollars promising to teach them something they saw on TV, but have never done, and know very little about.

When a seller sells with seller financing they transfer an euitable intyerest in the property for the promise made by the buyer to pay the equitable interest transferred, to be pai in dollars.

A "promise" to buy a property has been determined to be "consideration" enough to make a contract valid.

It's when you get tied up with someone that gives you a line of assurances and promises that aren't usual and customary, or based on some preceived notion that the guy you are dealing with really can follow through is where you get in trouble...IMO.Due diligence cuts both ways.

We made no promises that we'd put in any offers, and she didn't require us to sign any agreements upfront.Ultimately, after a full-day of looking (probably 30 houses in one day), we put in an offer, closed 3 weeks later, and she made about $15K for about 10 hours of work.I imagine that offset the times when she showed people houses all weekend and they didn't make any offers...she realized that hers is a business of service and numbers, and that if she only wanted to deal with people who guaranteed her a commission, she wouldn't be doing nearly as well.