I run it, show my work, and write those assumptions right on the preapproval letter.

The interest rate on the note is 5.5%, payments are interest only or more,and all outstanding principle is due the beneficiary twenty years from closing.If the underlying note of $1,100,000. were bank financed, and I wanted or needed tosell, I would need to attract a buyer who was willing to get all new financing throughsome means, or write a very big check at closing.

You are required to disclose, as well as use the registered name on all marketing material related to brokerage services, you may also want to have in writing a policy or agreement with your broker regarding compensation related to your wholesaling activity, I think you are getting into some difficult practices, be sure to have your ducks in a row

Initials: _______b.Tenant agrees to pay for clearing the sewer drains of the Premises of any and all stoppages, except for those stoppages which the Landlord will agree were caused by defective plumbing, tree roots, acts of nature, or which are declared in writing to have been so caused by the plumber or other person who is called to clear the stoppage.

Figure out who owns what, who is responsible for what and put it in writing.

Long story short we get comps, and give Mike an offer in writing.

Umbrella insurers want 500K on the underlying policies - and some of my policies won't write that.  

However; you cannot try to get a lower price, knowing you can flip it for more, and receive a "secret profit", without fully disclosing that and having the sellers agree "in writing" to those terms.

Also remember there are many new and revised laws since the passage of the Dodd-Frank Act.Even as I write this, one of our auditors is going through a pile of Contract for Deed loans that a community owner wants to sell.

Where sellers tend to want someone to just write them a check for whatever the seller thinks he/she can get.