Develop a basic business plan to take you from where you are now to where you want to be in the next 5 years.

That would impede on the basic rights of ownership.As Dave already stated (I'm finding myself saying that a lot today :D ), as long as their proceeds cover what they owe the lender, then no approval would be needed.

Basically the whole place minus the skeleton is brand new.

this is a 2 family house with big rooms, the only downside that the house is 77 years old, and the rooms are basically next to each other (to get to the 2nd bedroom you need to walkinto the first bedroom) but it was kept up well, cosmetically. 2 heating systems are installed, new roof, comps are great, highly traffic areaowner did a lot of renovating, by creating rooms and expanding and cleaning the atticbackyard, but never used or maitanined - attic was turned into a 2 bedroom - which I might be able to include with the upstairs unit if prefreabble. what other things do you need to determine if this is a great deal or not?

They train people to make initial contact with people facing foreclosure, collect some basic information, and submit the lead to their group.

Basically you trade off speed and documentation for better terms compared to hard money.

Basically, you find a motivated seller and offer to lease their home for a number of years and then have the option to buy them out at the end.

but let me tell you - if you're going into real estate investing - say to wholesale - just stick to the basics. you're not going to wow anyone with a good name.and you absolutely cannot make up a name and slap it on a business card or any marketing material - at all.

your plan now should simply be to learn the basics.

If you must ask such a basic question, you really need to reconsider your investment choices...