Rate and term applies when there is an existing mortgage and you are not looking to borrow more than the outstanding loan balance; you are simply looking for a new interest rate or new term for the payback period.

True colors show through when someone suggests that it's okay to cross ethical lines and they simply can't be trusted. :)

When I asked to borrow, I gave them my preferred lending terms, so they knew I wasn't trying to simply take their money and run.For my deals, I started with the cash from my friends to buy a house outright ($18,500 purchase; friends cash was secured with collateral OTHER than the house).

Seneca, getting a house under contract simply means that a buyer and seller of real estate come to an agreement to transfer the house.

A "One Off" is simply one asset trading by itself and not in bulk (more than one).

I'm not sure if its allowable in all situations but by leaving the wall where the utilities enters the property it counts as a rehab, not a new build.

Simply walk away if the sellers will not let you view all of them.

Simply by doing a drive by and running comparables this house completely redone can be moved for a easy 175k-200k.

Most likely, you'll get your pockets picked.Maybe someone will tell you to get exclusive agreements out the ends of the earth, they won't mean a thing as if there is one error in what you present or put together, that agreement can be killed and others will simply fill the void.This is the classic elephant hunt.

I always have the cell number of all my trades simply for reasons like this.