•Initiate architectural and engineering services.

To finalize the initial process of a deal, a signed contract by both parties is necessary.

Trust but verify.

I am the holder of a third trust which is going to foreclosure auction this week (initiated by the holder of the first).

My initial reason for contacting the AM was to try and buy that lesser asset for the same 72k i purchased the one next door but they wouldn't let that happen so I tossed on my agent's hat and took a lesser lead from our trustee listing and made someone happy.After trying maybe a dozen times and having very limited success I abandoned the practice of dealing with AM's directly unless I was just trying to get a listing.

This may hinder your initial work as a wholesaler.

Ok - when I think "conventional", or "conforming" I see lots of money down, verified income, good debt to income ratios, one fixed single loan.

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

What about their prior landlord-is it a verifiable company or an individual?

From now on I'll be trying to finance the initial rehab with hard money, or seller carried seconds.