A book could be written as to the structures as you have many options, they can buy and finance and you contract, you buy and sell turn key, you can get the seller involved, do the work for them and flip the contract to an end buyer, partner with the owner and sell turn key, arrangements are endless.To structure it, you'll need to consider the buyer's position and ability to buy, they will be getting the end loan.Really boils down to financing, who gets the construction financing, does title need to pass  to do the work, where do you put your profit, again, the end buyer's ability to finance.You'd be selling from plans and specs, yes, you need a good down payment if the buyer is picking appliance, colors, materials as what they may select may not be as marketable if the fall out of the deal, you're stuck with pink bedrooms, green carpet, crappy ceiling fans and hickory cabinets.

Like he said he is not very motivated yet he's at the stage where he just wants to get offers to see whats out there.

Personally, I believe it is a necessary stage in investing that all of us must go through.With that said, all of us on BP with experience would be glad to help.

But 8% makes sense when I only have a 5% mortgage.I guess the point is just make sure your yield from investing is higher than the interest your paying out on debt every year.Make sure you save money for marketing, staging, attorneys, etc.

There is an event Friday evening where they introduce the teams to the public.I am a course marshall this year for the Prolog and Stage 1.

When you close a deal or two, then you can ramp up your direct mailing campaign in stages for four to six resends per owner who has not responded.

Complete side question:I am curious as to the organization to which you are renting and the arrangements of the lease.

Once someone has passed through the sales pipe line and become a client, I just move their box to another line to move them through all the stages of getting their account set up.Best part, it's free

For example:- We'll pay all closing costs- We'll pay for any appraisals that we're legally allowed to pay for- We'll extend the financing contingency to the closing date- We will extend the closing date for as long as the lender requiresThese are generally very attractive incentives to buyers (especially first-time buyers who are nervous about the process anyway), and therefore it's a win/win.Btw, we have no fiduciary relationship or financial agreement/arrangement with our lender (that would certainly be illegal) -- we just know he's one of the best in the business and we trust him completely.

For me, I have had a lot of projects I've wanted to do over the years, at various stages of our family life, etc.