You might call that agent's broker to ask about a better contract, I'd bet a multi is available through the Board of Realtors, if that broker doesn't usually have such business he may not stock 500 copies for the agents.I agree with Ned, begin with a basic meeting of the minds with the seller before sinking money into deeper negotiations and due diligence.$2500 may be steep for a boilerplate contract, but if he's representing you, doing the contract and taking you to closing (not closing but getting you there) that's cheap.

So basically they are taking care of keeping track of all the funds. there is a closing.

Basically my plan is to show him some of my rehabs in progress, explain how the business works, how I would use his money, how it is protected, etc.

Looking for some input here (on what is likely a pretty basic question for all of you.)

So basically he's mentoring me for half of the profits, which I think is fair.

;-)Marvin, there are several "rules of thumb" in this business to help you quickly evaluate a deal to make sure it passes some basic tests.

To me it was just a matter of whether it's needed to take both exams of if you could basically skip the agent exam if you know that you want to be a broker eventually.

Also interested in learning short term investments.I've worked as an electrician for over thirteen years in NM, and; took on the dawnting, but educational, task of remodeling 80-90% of my own home doing roughly 75% of the work.

So basically, the tenant should always afford their portion of the rent.

Basically he was letting any heat I had in the house out the window.Luckily it was only for one day, but sheesh!