Just the wrong concept trying to be applied to the goals at hand. :)

What would help me out a ton would be if anyone could list a few basic real estate concepts for me to research.

hi my name is alex before i start im going to let you know my situation as of today as im writing this i have no car a bank acount with a negative balance in it and i live on a fixed income so i started reseaching the real estate wholesaling game about 3 days now and get the whole concept get a house under contract for a deal like way below market value find a cash buyer to sell the contract to for a assignment fee close and collect a check.I looked up basic words and meaning like reo, mls, double closing, comps and so on like i said basic so at this point im ready to jump in head first so i decited to start putting propertys under contract now so i looked around in my local market place and found the perfect property for my first deal.property sell price-$45,000 as is valued price-$95,000my contract price-$55,000profit-$10,000 sounds great right but there are a few problems i need help with before i take this deal so if you made it this far this is the part i ask for help from the top dogs.#1-can i get a house under contract with no proof of funds.#2-can i get a proof of funds letter without a cash buyer in place.#3-can i get a foreclosure, banked owned, REO, under contract without proof of funds.#4-are mobile homes the same process as a regular property.#5-what documents do i need in order to lock down this property what i have so far=proof of purchase contract assignment contract do i need anything else.P.S.

You've gotten some very solid advice from the BPer's here.To help you get your mind around the concept that you bring a lot of the value to the deal, I can tell you that if you were to stand up at your local REIA meeting during the "haves and wants" portion and announce you have money to loan, and your partner were to announce he had a rehab project lined up and was looking for funding, you'd be a lot more popular.

A zoning restriction can be forced upon you by slap of a zoning commission meeting gavel without your consent.There is a legal concept which says, the enforcement of a contract is not and can not be considered grounds for a civil suit.

The concept of a CA is very very simple....So simple..even I can do them!!!

All that said, they are interchangeable concepts, one number and percent equals the other in some fashion.

Investor focuses on the business building, ie your team your buyers networking etc great read quick to the point I think you'll enjoy it.I glanced at the unofficial guide it speaks in generalities buying strategy, exit strategy concepts. good read quick reference.Hope that helps

Also some information on wholesaling, i understand the basic concept of it but could use a more elaborate step by step process to follow.

Sometimes I wonder though if the bandit sign concept or slogans are something that worked then and not now.