The investor should never have to put another nickle into this, but, as you know, there is no perfect solution in Real Estate, any thing can go wrong.I didn't go into complete details, the message would be to long to read, I was just curious of the returns.

You find properties with sweat equity and creativity, put them under contract, and assign the contract or double close to another investor.For more details you might want to check out the wholesaling posts at: http://forums.biggerpockets.com/viewtopic.php?

Phone number, physical and postal address, email address and you will also find our Licensing and contractural details that allow us to represent Lloyds TSB.

I will be looking out for an older house on a good sized lot in an area where new houses are going up and plan to build a new house on it.My question is, what formula do I use to consider if the house is a worth while project to undertake?

You have asked questions that we can't possible give you answers to without a lot more detail.

I have not as yet enlisted an attorney to work on this in detail in Illinois to find out whether the specific activity of wholesaling and bird-dogging can be exempt from licensure - I have only spoken to an attorney and I was told that to be safe I should get a license.

My problem lies in the fact that I am a detail oriented person and never take a step without knowing my plan as well as at least one contingency.

I don't know the details or how legitimate a concern it is, but I would look into it if I were planning an after-purchase title transfer.

If everything seems worthwhile, I'll draw up an assignable purchase option contract (assignable on the chance I don't want to rehab and I find a buyer for it before hand.).

Please email or pm me for details...