You are going to need a good contract.

If the units need work then you are likely to need cash to pay for the rehab.Re the damaged units: you will need to fine out what it needs to get it back to code and rent ready. if you know that part then in my opinion i rather have the price reduction and do the work myself. this way you can control the process and time frames.

You're probably going to need fire-retardant pressure-treated lumber.

I have 2 cash buyers, and ive never done an assigment, because i dont like having to explain to a seller whem their signing escrow docs why the sellers names is someone other than me (when ive already have them sign a contract with my name on it...I write a seperate 2 line finders fee contract, that we both sign, and that contract goes into escrow with all the other docs, and when everyone is paid out escrow gives me my money..My tax lawyer says is perfectly fine, your going to need to show uncle sam where all that bigmoney is coming from anyway...

And I think the picture of the carport shouldn't be on there, it looks really low-tone compared to the rest of the place.

Is it just going to need snaked annually as routine maintenance, or is there something else going on?

Hi, my name is Shon however I go by my given middle name which is Sirtino. I'm new to real estate wholesale investing and I have reached out to people and gotten the same question "Where's your proof of funds?" I've r...

But if you are going to do a double close, which usually nets you a higher profit spread, you are going to need to bring cash to the A-B closing to completely pay it off.

@Steve Carlsen You can also ask whoever's handling your escrow (or the closing attorney, if that's what you use in your area) to prepare binding escrow instructions and use that as your signed contract.They're going to need written instructions anyways, so I've found escrow is more than willing to help with this if there's no agents involved.

What Gino said is true for a class of investor you may wish to become.The less you have in the way of assets and disposable income the more likely you are to need the more favorable terms of a personal loan.