There are also companies that syndicate properties, which basically means they gather together a group of investers and purchase a property.

I like figured out what they represent but what im i suppose to pick is there a good book on the basic stuff on real estate investing?

Flipping has basically two different meanings....You could get a house at an auction, own the house, fix up the property and then sell for a profit....orFind a house that is well below market value, get it under contract, and sell the contract to another investor for a small profit...2-5k.You are referring to the first approach...it's much easier to say rehabbing becuase everyone wil know exactly what you mean.

I am interested in becoming an investor i would like to wholesale houses in foreclosure. you mentioned something about it being illegal in maryland.... now im scared to death to get started. i have been reading alot on the subject and basically this is what im trying to do... im binding a property with the use of a sales contract and then selling my contract to a rehabber...is this illegal???

It looks like all major rehab issues are ok; ac, water, heating, etc., but of course we will get a full inspetion.

This means that a unit owner in a building of let’s say 300 units assuming he owns one unit would get a 1/300th share of the proceeds of any sale of the assets….For anyone interested in Condotel Investments at the Lancaster Suites, the Current Prices & Available Condotel Units are as follows...Lancaster Suites Tower I is "SOLD OUT"The Current selling price for basic Lancaster Suites Manila Atrium Units [Studio Type] is Pesos 64,888 or $1,298 per sqm and are 12% Tax Exempt.

You are basically using other peoples due diligence.

Looks more like a 1 fam but here in NY with the way housing has gone anyone can basically apply for a 2 fam as long as it's not a basement.The house was a 2 over 2 (2 bed 1 bath over 2 bed 1 bath and basement)When I took over the property the tenants were in there from the time my parents owned it.

Well first let me state that though this is not really my field of expertise but some of the basic steps are to review the leases and have the the property appraised and inspected.

If that were the case I thought that if you were honest with them you would have to tell them to list their house with a realtor at a very fair price to move it quickly, end foreclosure and maybe get some equity.What I have since learned is that the majority of the people wait far too long and don't contact us until it is basically too late to sell via traditional methods.