This would be ideal for a short sale right?

And you get to play 'parent' to them, too.What doesn't change are the fundamentals of succesful real estate investing, i.e. equity at closing, good cash flow, etc.

I hope that they take any wealth I leave to them (not likely to be a big pile of cash, by the way, more likely to be business and investment assets) and increase it geometrically.Response: I think that’s the ideal thing to do, if you can somehow guarantee that it can be done successfully.Quote: They have many acres of property in California, that have been held for 4 generations and have been offered millions for it by builders.Response: I have never understood why families keep land for generations and never sell it.

You do need to be ready and able to assess their ability to manage your business and make a change if needed - that's a critical but different skill than being a landlord - and precisely the point where some business experience comes into play.

Alright, I saw mention of the Jazz so I had to respond to this post (by the way, Stockton is the best point guard to ever play the game.)Welcome to this forum, network like crazy (online and offline) and learn everything you can.

The ideal candidate would be someone looking to be part of a team and working for a growing real estate company.Here is a brief description of the type of agent we are looking for.

Many times there are multiple offers coming in on these properties, and you have to be prepared to play ball!

I would agree that using an agent would be ideal to make an offer.

I have multiple investors that would need to be pre-qualified and funded.Lending specifications required:Hard Money or Private Money to fund rehab and close70% LTV based on ARV (after repair value)Ideal time frame to close once investor is pre-qual'd = 2 weeks or less.Average ARV is 70-85KPermanent Cash-out refinance80% LTV based on ARV with cash-outI am going to show a heavy dose of pleasant skepticism.

However, I would suggest that you talk with a lawyer who is knowledgable in the area of Real Estate.I have a guy who is both a lawyer and a CPA out of Philly that I deal with.