Effectively, you have that money invested in this property.

Both closings happen at about the same time, and with the same title company (or lawyer) and the money from the second closing (you selling) funds the first closing (you buying.)

Read the book Lawyers are Liars by Mark Kohler It will teach you all the ins and outs of asset protection and setting up your company.

h)If you could relive the past again what things would you change, how do those things effect your current goals?

Hi Johnniejrde,Don't know if this thread is still alive but, noticed that you have not been answered so maybe this will help.Postcard's are a great marketing tools an all of us in the industry should be taking full advantage of this cost effective approach to getting our message out there.

Mikeit is an option thats still on the table. i am not sure how people are in this market about lease options and contracts like that..plus alot of my contacts would be through MLS b/c i have no foundation, help, or contacts of my own so i would also be dealing with "regular" agents who don't quite understand the process and won't be able to give the seller an accurate idea of what the heck is going on. i need to first find out how to have no budget but still find sellers in preforeclosure. i need to find the business/legal papers and subscribe to that although i am sure the other investors have that lead as well. another idea that i saw through Armando Montelongo's book was to contact divorce and insurance lawyers to tell them I am interested in buying their clients homes.

TV is expensive and not effective unless it is a constant campaign like Comcast or Gieco or something like that!

This certainly does effect everyone and is completely related to real-estate.

It seems as when the information from the buyer is given to the source the buyers mandate would say that the port is gone or something to that effect and to move on.

Hope it helps -In general I think the leases are pretty good (of course, each lease is different and will need to be looked at by a commercial lawyer).