Ski areas are tough to execute that option.

Take a deep breath and execute the rehab plan you have to the best of your ability.

So transactional lenders (NOT hard money lenders) came in to provide the short term funding needed, at 2-5% interest on the amount lent.When a buyer is successful in obtaining an executed purchase contract on a piece of property, some people believe that he obtains “equitable interest”, not “legal interest” in the property.

What gave birth to this practice... is it a law... an ordinance... or maybe some builders association paid off the county executive?

In a short sale the property gets listed at market value, a buyer is secured and contracts executed, and then you would go to the lender for short sale approval on that sale.

Most won't show until an executed contract.  

The best way I can explain wholesaling is:Simple in concept but difficult in execution. 

Hello all,I am wondering from experienced folks, how to be a good private money lender- or rather protected. what terms do you execute?

Househacking was the easiest way to get into my specific market and a 2-4 small multi is the best way to execute this How did you find this deal and how did you negotiate it?

I generally agree with you @James Hamling , but I want to push on the concept that you "make money when you buy".Technically all you've done at purchase is drop a bunch of money and take on even more debt for the opportunity to make money by successfully executing the business plan in the coming months and years.Too many new investors jump into the game thinking they just have to "buy right", and they completely overlook the "execution" phase and how difficult that can be.You're dead-on in the assessment that @Jeff Holmberg is going to make things more difficult than necessary by seeking out sub-par assets in sub-par markets.Jeff, we get the urge to just do a deal, but Buffet's rules of investing (rule number one: don't lose money. rule number two: don't forget rule number one) are critically important.Don't buy a negatively cashflowing asset as a new investor.