A contract that covers something illegal is not enforceable.Most states prevent someone who is not a principal from collecting a fee or commission on a RE deal unless they have the correct license for the state.Depending on the deal and how you document your relationship to the parties you might be bring to court a document that proves you are breaking the state laws on RE brokering without a license.John Corey

Learn the costs of materials, learn how to pull proper comps, learn to inspect a property correctly, and above all learn to trust yourself.I believe that the one reason more people dont get into flipping properties is not because of risk, but instead because of self doubt.

Looks like you got your numbers correct.

Please send me an e-mail for a Confidentiality Agreement (this ensures I get the correct e-mail address to avoid any delays).

For example, you get a steady stream of business, which keeps food on the table, and allows you to start building your clientel.

I will be e-mailing you with many questions.Am I correct in thinking that real investors do not buy real estate from the local Broker but look for special deals?

Any suggestions on a corrective plan of action?

I hunt alot...my philosophy is, "the hungry hunter finds food".When I was a kid, my grandmother (God bless her), often scolded me for openning the refrigerator and just stareing into it.

We are wondering if there is any way we could "reserve" (I am sure that is not the correct word) an apartment before then.

Correct?