Corey, a simple Purchase Agreement should be all you need..if you want to do an Option, do so carefully b/c they require earnest money..don't let a guru tell you otherwise..The agreement between wholesaler and seller works like this: Meet w/ the seller and make sure there's an agreement on the purchase price-you and him sign Purchase Agreement -you contact your end buyer and arrange to meet him w/ your PA and an Assignment of Contract.

It's a simple calculation which will tell you pretty rapidly if you are cash flowing or not.Not everyone agrees with it, but you won't go wrong following it.

In my experience, you will go a lot further if you try to keep it simple.

Lena,Buy LowSell HighRInse and Repeat....its that simple

Looks like an excellent deal:With the simple analysis:Rent: $2400Expenses: $1200 (50% rule, see Rental Property forum)NOI: $1200Payment: $699 ($105K, 7%, 30 years)Cash Flow: $501Cash Flow per unit: $167Very goodAnalysis with your down payment $18,000, and assuming you pay the rehab costs out of pocket:Payment: $379 ($57K, 7%, 30 years)Cash invested: $50,670 (including closing costs)Cash flow: $821Cash on cash return: 19.4%

Her entire office was given their walking papers.

A basic blog from Wordpress.com is a great starting point, and you can mix and match different templates to customize the look you like.It's super-simple, user-friendly, and search engines love it.If you grab a domain, a lot of hosting companies have "fantastico" set up in the user panel so you can add it to your site seamlessly. :)If you need any help, PM me - and FYI, I'll be going away tomorrow until June 6th.

Since most papers are now on line it seems that this would be an easy way to quickly get any list quicker than having it mailed to you or going down to the courthouse and getting it from whomever.

Good points everyone - Jon, you touched on something that I think is desperately lacking in the education system, and that is practical "life" knowledge - this especially pertains to financial know-how, even stuff as simple as balancing a checkbook.

The advice you received was first do this and first do that, change first to now, there is no first there is only now.One simple little step each day forward no matter how small in each category will get you to where you want to go faster then first do this, then do that, which will only prolong action and lead to more procrastination.