This is the beauty of the real estate game.

Hello,I'm new in the game.

I have plenty of questions if you are game.

I have been reading books, posting on forums, going to cashflow games, and am gearing up to go to my first local REI Club meeting tonight!

After a while of being on top of your game you should build a "customer base" of investors that will begin to trust your information, judgemnet on a proerty and you will be able to move more deals.

All established builders and rehabbers probably use a contract with their subs.

Realtors on both end want to see some skin in the game, thus earnest money deposit.

Yes anyone can do a deal with OPM and no $ out of his/her pocket, but if you plan on establishing a full-time landlord business like Mike does, you will have to have capital not only for acquisitions, but for maintenance, misc. capital expenses, etc.Now if your plan is to simply buy and hold one or two or even 5 properties and continue your 9-5, then perhaps your no money strategy could be used with partners, etc.

If the bank feels that neither party (builder or investor) has enough skin in the game, they will tend to require that at least one party puts down cash.

Registered and established company seeks capital for pre-construction and conversioninvestments.