Just a quickie related to my previous post.Are there any benefits to having a formal offer in writing, even if the seller verbally told the realtor our intended bid was unacceptable?

My question, is related to articles I've read on wholesaling where it is recommended that after I contract the property, then open title on it.

risk" is a relative term - an investment is risky in as much that the investor lacks information and control.

Go relatively slow and give yourself a chance to learn the business before you buy a big complex.

Because debt that is current is so much more valuable than non-paying debt, only a relatively small portion of debt need be converted to make the transaction profitable.

If you think something has potential, post the numbers on the deal analysis forum and see what everyone has to say.In reference to your risk assessment, I would have to say that what is "smart" is very relative to your personal goals and agendas.

Match up any liens or encumberance related to that property.

TRUSTEE'S SALE OF 2061 ROYAL FERN COURT 12B TRUSTEE'S SALE OF 2061 ROYAL FERN COURT 12B Reston, VA 20191 In execution of a Deed of Trust in the original principal amount of $212,100.00, with an annual interest rate of 12.1500% from BRIAN DAVID BROWN dated August 26, 2005, recorded among the land records of the Circuit Court for the COUNTY OF FAIRFAX as Deed Book/Instrument # 17705 AT PAGE 2027, the undersigned appointed Substitute Trustee will offer for sale at public auction in the COUNTY OF FAIRFAX, on the courthouse steps at the front of the Circuit Court building for the County of Fairfax located at 4110 Chain Bridge Road, Fairfax, Virginia on January 30, 2007 at 11:30 AM, the property with improvements to wit: APARTMENT NUMBERED 2061-12B, TYPE B-R, SOUTHGATE CONDOMINIUM, AS DESCRIBED IN THAT CERTAIN MASTER DEED ESTABLISHING A HORIZONTAL PROPERTY REGIME WITH ATTACHED PLATS DESIGNATING THE RELATIVE LOCATION AND IDENTIFICATION OF EACH APARTMENT RECORDED IN DEED BOOK 3912 AT PAGE 254, AMONG THE LAND RECORDS OF FAIRFAX COUNTY, VIRGINIA, AND ANY AMENDMENTS THERETO HEREAFTER RECORDED, AS PERMITTED BY PARAGRAPH F.9 OF THE SAID MASTER DEED. and described in the above Deed of Trust.

brit,how much money you need is relative to where you'll be investing, how you'll be investing and what you'll be investing in.i mean, if you can put 100k together, great!

Project Types: •Commercial Real Estate •Hotel Resorts and Casinos •Alternative Energy (solar, wind, geothermal, hydro, biomass, waste conversion, etc.) •Hospitals and Health Care Facilities •Infrastructure (roads, highways, rail, etc.) •College and University Buildings •Public-Use Facilities •Recreational Facilities •Retail •Apartment Buildings •Industrial •Mixed-Use Commercial •Office •Other Related Types Size: $1 Million Minimum; 1 Billion some deals more than a Billion depending on the deal 10B Max.