You also would be getting a small chunk of cash when you lease/option the property (option premium) and a large chunk of cash when the property is finally purchased.

Finally I asked him why he was always wiping these bolts and what he was doing.

Use the BiggerPockets property analysis tool to help you:http://www.biggerpockets.com/recritic.html

Just make sure that you don't get too anxious and get into a bad one.Here are my "Rules to Invest By":Never, never, never fall in love with a deal It is very easy to finally find what appears to be a good deal and to start dreaming of the riches.

Also yes get a nortorized partial lien release as well as a nortorized final lien release.

(Residential and Commercial Properties) $150 insertion fee for a 30-day ad or auction listing $300 insertion fee for a 90-day ad listing No final value fees or commissions on the sale!

A good buy for you may be a bad deal for someone else.If you're looking at income properties, the property analysis tool here at BiggerPockets.com is a great free tool for conducting analysis on houses, apts., etc.Otherwise, you just have to do a traditional CMA - Comparitive Market Analysis in determining property "value".

My first 8 deals where all done with partners who put up the cash and I found the deals, managed them, etc.Certainly they still have to do the cash flow analysis, etc. etc. to make sure they are buying right.

Two weeks and no introduction . . . well, I'm glad you finally graced us!

It is not the final stop however.