The IRS doesn't get the note terms.If he refuses to close you have him on a valid contract, he won't want to go to court for performance, nothing personal, it's just business.If he closes he can come by personally and pick up his payments, I'd bet he gets tired of that.

Nolo press books at the library, gale databases at the library, the online sites are all basically diy.

This year, I've decided mostly to focus on flipping houses because I don't think I'm ready to get involved with landlording or hiring property managers, etc.I just joined my local REIA Tampa Bay chapter and will begin attending meetings, but I'm hoping to learn more about certain things online as well, things I've been having trouble narrowing down in the forums.I'm wondering about:•How hard money lenders work, and how you communicate with/propose deals that a person in that position.

I had the higheast bid on a online action through Hudson & Marshall.

What would be my best bet as to start up money or money up front ?

After graduating from college a year ago I've been learning the ropes of real estate investing through this site, through various books (Rich Dad Poor Dad series especially) and some freelance work.As good as the books and online material out there are, I'm looking to work for an investor so I can learn the nitty gritty of the business and get started investing myself.

If I'm off on my rehab costs or my ARV, all bets are off.

I also see paperless billing, and the ability to do almost anything online-- in 75% of the states I invest in.

While your imediate area may be tought to cash flow, I bet within an hours drive there are neighbrhoods that will make great rentals.

Your best bet will be smaller local banks.