I have plans to do wholesale transactions but will use and trustee to handle those transactions. 

Just a bilateral agreement that specifies:The giver of the option, or optionorThe receiver of the option, or optioneeThe purchase priceThe term (start date and end date) that the agreement will be in effectThe consideration (typically a dollar amount) paid by the optionee to secure the right to buyPLUS whatever else your attorney thinks is necessary.Make the document recordable by your county clerk, get it signed (and possibly notarized), and then have it recorded on public record.The intent is to ensure that if he tries to sell to anyone else, a title search will find this agreement and trigger a title defect.

Is dampness in the basement a sign of existing or future structural issues?

I always want to provide my clients with detailed explanations of options when buying or selling so they (with my guidance) can make informed decisions that will be the best option for the results they are seeking.I have never done a RE transaction with seller financing.

Hi All,I am looking at an opportunity to buy 5 units (condos) all for sale in the same transaction, and am looking what the best form of financing would be.

The law and contracts you sign will give you some recourse and protection, but only as much as the other guy has to lose.

Trouble is, people mistake for a transactional business.So the best way to take down a deal such as this is to build up your network and relationships before you score a deal bigger than you can handle.  

/Appraisal/Cash to Close$0 Repairs$73,000 Equity (compared to appraised value)$100,000 Equity (compared to market value)No agents involved in the transaction.Contract from excuted signed to closing 30 days What made you interested in investing in this type of deal?

I also have a contract already, will I need to get my contract reviewed by my attorney before getting them signed?

As a part of our construction, we had several inspections and they signed off that we have complied with all laws required for single family residences  - the extra kitchen does not have an additional heating source (stove), all spaces are connected on the interior, and we have a single electric & water meter.