Wholesaling is traditionally defined by the investor community as "the assignment of a contract" but some people define it as buying a property and reselling without doing any work at all which is known as "wholetaling" which is simply retail real estate.

All are viable options, but traditional purchase (off market, or good MLS deal) is probably best for you.

Personally, I use the Starbucks monitor for towns with predominantly traditional single-family house neighborhoods and driving as the main mode of transportation.

Your father-in-law is right.You may not have a traditional product to selling, but you are selling space.

You have an inspection contingency and when you receive the inspection report, you should include a repair estimate along with the submission of your counter offer.It is exactly the same as a traditional sale, but the lender, in the case of a short sale, can reject your counter-offer.Of course, the listing agent may not want to go through the extra steps that are necessary and you may have to wait additional time for review, but the fact is many lenders will allow for necessary repairs.However, keep in mind, if your already buying the house at a discount, your less likely to get concessions from the lender.

So far, no answer.There are times when a Quitclaim may be useful, but not when transferring property from seller to buyer in a traditional property sale.

You can have faxes sent to more than one email address if you need multiple people to see the incoming faxes.You can fax something to yourself (using a traditional fax machine) if you only need a low quality scan.John Corey

Supposedly, these MAY last many many years over the traditional mechanical adhesion with acid.

For someone with little experience, I'd recommend you try to re-focus your energies on one of the more traditional aspects of investing (just my $.02).Good luck, and I hope that we can help you to find some success in real estate!

In fact, our closings are also Construction Draw #1, and all borrower pre-paid items (architectural, survey, engineering, etc.) are drawn down at this stage and either credited to borrower equity requirements, or paid to the borrower.New Construction/Substantial Rehabilitation Insured Loan Program offers more favorable terms than traditional two-step construction and permanent financing.