I suppose one might call this a conflict of interest in a crazy market.

Supposedly, it will net over 100k/year and the money I'd put up would be repaid before any profits taken.They would also manage the store and I wouldn't need to be involved in operations.

Am I supposed to explain everything in the contract to the seller. 

As with anything, I suppose it will just take time to get comfortable!

Investment Info:

Single-family residence fix & flip investment in Schenectady.

Purchase price: $65,000

Cash invested: $50,000

Bought as a fix and flip however it's going to turn into primary resi...

I suppose the biggest thing I can say is define everything up front, do due diligence on the Contractor, sometimes it's worth paying a little more to work with a professional and not some guy with a pick up truck and a Class B License who works on a hand shake.

This is by law so I'm not sure about the owner financing since you are the "bank", so to speak, as I am with my notes - these both seem to fit into the servicing company and what they are supposed to do.

So my $70,000 contract includes about $10K in materials.Long story short, it was supposed to be a flip.

I just want calls from serious buyers so I suppose that's the disconnect.

Sorry, this is a repost (I realized my original didn't have a descriptive title so I changed the title).....Ok, so I was supposed to close on a duplex this upcoming Thursday.