That is called a simultaneous wholesale transaction and if set up correctly, can be a very powerful investing technique.

I'm going to use fake, arbitrary numbers here that are NOT accurate, but they will allow you to get an idea of how powerful KPIs are when you track them religiously.Response rate: 5%Appointment rate: 25% (when someone responds, you book an appointment to see their home)Offer made rate: 50% (when you show up to someone's home, you actually make an offer)Property under contract rate: 25% (Your offer is accepted)Deals closed rate: 75% (Your active contract is sold either to yourself to flip or to another investor)Using this structure, we can find out what to expect for every campaign we put together:2,000 mailers -> 5% response rate: 2,000 x 0.05 = 100 phone calls100 phone calls -> 25% appointment rate: 100 x 0.25 = 25 appointments25 appointments -> 50% offer made rate: 25 x 0.5 = 12.5 offers12.5 offers -> 25% contract rate: 12.5 x 0.25 = 3.125 contracts3.125 contracts -> 75% deal close rate: 3.125 x 0.75 = 2.34 dealsSo to sum it all up, every 2,000 mailers you send, you can expect to close a little more than 2 deals.  

be the quickest way to increase your equity, therefore your future borrowing power.

There are other ways as well, Specific Power of Attorney from an owner, estate settlements, generally an executor may charge a nominal fee for services, but you can't do this as a business, but just saying....A reasonable down payment might take a book to explain at the eighth grade level (LOL), as that depends on the property condition, marketability of the property.Take a $100,000 home in good condition that is marketable, reasonable might be $2500, in the event of default a seller needs to have enough to pay for associated costs, the property was taken off the market so all the past advertising is pretty much in the dump, they must start over again.

I could go on and on telling you the things you will need, but I will sum it up this way.THE POWER OF QUICKBOOKS will do all of the above and more than you can ever imagine.  

That's the power of this forum.

What I did was left if in place, made sure it was well dried (I was not in a rush to cover it, as it too many months to get power restored to the area), and treated it for mold.  

They have ALOT of power over what you can and can't do.

You have the power to control real estate with a piece of paper with words on it  providing you know what words to use and now to connect them.Understanding formulas and clauses is important to the success and growth of an investor.Having a number of ways to control real estate makes the task of profiting in this business less stressful. 

I believe this highlights the power of understanding contracting.