You may have an option to purchase a property, you can have the option to renew a lease or the option to mineral rights, plant trees and retain the fruits grown or to obtain any other lawful use of a property.An Option on real estate must comply with the Statute of Frauds, be a written agreement, it must be signed by the grantor/optionor and it must contain all of the requirements of a contract to be enforceable.The parties to the contract must be named, the legal description of the subject property must be given and the contract must meet the legal requirements fo a valid contract.

Some are operating under the old 506(b) exemptions and are taking more of a self-certification screening approach.

Everything you buy - EVERYTHING - especially food, has some wholesaling involved at some point be it in the raw materials used to manufacture it, the bulk discount obtained by shipping mass quantities, or the actual product you purchase at point of sale.SO, why should real estate be any different?

Missouri, like other states is or in the process of requiring a 4 year degree for anyone to obtain a RE license.

If there is going to be a wraparound (or Subject to) mortgage make sure you buy a title policy through a Trust friendly (build rapport for future reference and deals) title company as to satisfy The Seven-Day Notice Requirement: Sec. 5.016(c): "where the purchaser obtains a title insurance policy insuring the transfer of title to the real property" Even then, you are still closing a deal without protection of your assets.

Then either continuing to purchase small multi-families or selling those to purchases larger "commercial" units more than 4 units.During my initial time wholesaling, I figure I could/should work on obtaining my license.

Illinois requires a disclosure certificate, in other words a disclosure that is notarized.

And unless you've got a ton of cash to finance these opportunities, your best bet in such a short funding timeframe is to obtain a hard money loan.In many cases, particularly in the case of short sales or foreclosures that banks are looking to liquidate before years end, sellers want to move quickly.

You also have a “checkbook control” and don’t have to obtain custodian consent when making investments.

I will build 2200k sq ft for about 200k all in. ( subs are higher in this little town of 8k) and will sell at 410ish.. and happy to make 50k a door net all in...However will be in and out within 4 to 5 months house will close within 3 days of the CO ( certificate of Occupancy)...JLH