They may want renovations and can't finance construction and do the work, many reasons, but it can be easier to buy it than to obtain construction funds and put your profit in the sale-back.

To obtain maximum privacy, you could have each property in a separate land trust and each with a separate trustee.

I have run into this problem in small towns and it can make it extremely difficult to re-sell to end buyers obtaining conventional financing.Based on the limited information you provided about the area, I would probably only seriously consider purchasing the property if it had really solid cashflow and you were positive you are going to hold it for awhile.It's just my 2 cents, but there is probably a good reason that the lady is so willing to unload it, aside from not having money to rehab it.

I had made my offer, sent earnest money, obtained financing, Waited and waited while they completed the typical government paperwork.

[citation needed]After graduating in 1984, Cramer's plans to become a prosecutor were dashed when he was denied employment with the Office of the United States Attorney for the Southern District of New York, headed at the time by Rudy Giuliani, because his law school grades were deemed not good enough.[3]Cramer was admitted to the New York State Bar in 1985 and his current status with the NY Bar is "delinquent".[6][edit] InvestorCramer obtained employment in 1984 as a stock broker in Goldman Sachs' Sales & Trading department.

Does that make me an expert, no, but it does give me experience and being in the business and obtaining the knowledge through a variety of sources does give me the ability to post my knowledge and opinions on the subject.Originally posted by Ryan Weber:Neither of you have much if any experience with wholesaling REO's or even normal deals and yet you both are trying to lead new wholesalers to the wrong conclusionWrong again.

You will complete The Power of Paper: Secrets of seller financing and the business of notes ready to:Qualify and gain a comfort level with the buyer prior to the sale by obtaining as much information about the buyer as possible in order to ascertain their ability to make payments and honor all other covenants of the loan documents now and in the future Structure the sale and resulting note and security document in a way that is legal, provides the most protection, flexibility and marketability and facilitates an exit strategy for the seller in the event of changing circumstances; Develop a system that will provide organization and detailed and accurate records relating to the loan and the borrower.

It is always prudent to obtain a copy of your estimated settlement/closing statement a few days prior to close and have your tax advisor crunch the number so that you know what items must be paid for out of pocket and which are considered permissible 1031 exchange closing costs.

I've thought it over and feel that obtaining my salesperson license (soon to be broker license) is the right move for me.I have reviewed the scenarios via RECP's website (http://www.recp.org/RECP/Resources/FAQs/RECP/ContentAreas/Resources/FAQs.aspx?

There is no way for a private individual to obtain allodial title, notwithstanding what some questionable websites tell you.I have found (without making any assumptions about the OP) that when someone brings up allodial title, they are usually about two minutes away from talking about sovereign citizenship and why income tax is voluntary due to Ohio not being a state at the time the 16th amendment was ratified.