And some real estate contracts don’t even have attorney protections within them.

Why wouldn't you get your own agent when it costs you nothing and protects your best interests?

This protects against a situation where someone tries to take the money for other purposes.

This is why the mortgage contract needs to be reviewed by an attorney to protect the seller and you.https://apps.irs.gov/app/pickl...Personally if I was doing the deal, I would just pay cash for a $30K purchase to eliminate having to deal with a mortgage contract, the seller and a lien on the property.

We use our own application and have been at this a while, we don't discriminate against any protected groups.

I would just like SOME level of protection while taking this quasi-off-market deal to strangers to look at given that once they have the information they could cut you out easily.

Real estate is a fantastic way to build wealth, and protect it, if you are careful and leveraged with how you buy, hold, manage and sell.I agree that when starting, you may be better off with a strong single family home rental.

If you loan today, at highs, then the market drops, then you repay at depressed prices, you’ve protected your portfolio from a loss while selling high, buying low, and adding a rental to the portfolio 🙂.

There is no way you can keep up with all the changing rules.Lease agreement - The lease agreement is the number one tool for controlling tenant behavior, protecting the property, and collecting the rent.

Just make sure you know what you're getting into by going with a FSBO since there aren't many protections in place for buyers if they have trouble closing or have an issue with the property after the sale is complete.3) Stay informed - There are lots of different websites and newsletters that can tell you about new properties on the market, including Redfin or Better Estimate, which I check regularly.