He didn't submit it to allow time for another to get their ducks in a row, or even worse, tole the bank nothing was going on to get the price drop and then pounced on it.I would definately turn it in to MLS and the Board, and to the State RE Commission to investigate, and to the bank, and to the local prosecuter to investigate it as bank fraud....assuming you can prove your offer was received.

No harm done Bryan, I do think that a number of deals completed is one of the BETTER metrics to qualify an investor so I would definately disagree with you on that.

Here we have noobs to pros, so it's OK to keep simplifying and defining your terms.

Just be ready to buy when great deals come along and have a well-defined exit strategy when you do...There is opportunity in most areas of real estate these days, you just need to take action...

Thank you everyone for taking the time to reply,I definately intend to learn as much as I can from this site, and some of the blogs associated with it.I agree that getting out there and meeting people is going to be very important and I intend on attending as many meetings as my schedule allows.I'm in no way looking to get rich quick, its just nice to be involved in something that rewards hard work and you get out what you put in.I'm thinking it might be a good idea to try and get some more funds together (with friends or perhaps taking some equity out of my home, which will be tricky and costly due to exchange rates) and try and do a few flips on my own to gain experience before approaching a bank or PMLs about making a loan, possibly a JV if I can find someone that would be open to working with me...thoughts?

I'm also assuming this is your first one or you are contemplating doing these options.Louisiana is very tuff of real estate license law, it is a difficult state to do investing (except buy and hold) without a license.LA Statutes 1431.7 (d) and 18 define transacting business and para 29 specifically describes options activities.I suggest you get with an agent to do this if you don't hold a license.Coop leases can also be seen a facilitating a transaction.

But its a pretty broad number including things like inspections, certifications, and fees to get utilities turned on, appraisals in addition to the strict closing costs that appear on the HUD-1.These tend to vary from place to place.

From Chapter 452 Wisconsin has a Real Estate Examining board... it is possible that this group or some similar group puts out a mandated fee schedule, or that there is some other Civil Procedure (801-847) statute that defines the fee limit.

Definately keep up posted.

Definately on the "to do list" and I also believe that when selecting a thread, there should be an option to be able to go direct to the second, thrid, 4th, etc. page of that thread directly without having to go to page one, then your desired page.