If you are they typical newbie without much money and credit not all that great..Or maybe you don't have that problem but not to sure how to get started as well..This is for those who haven't got their first deal or not having consistent success..Here it goes, first of all get to understand your market, attend club meetings and network find out who the players are, your making a step of doing that already just by posting on the forum..Also educate yourself but warning don't overload yourself with with tapes and seminar materials it will lead to confusion and alot of money spent..Not saying seminars are bad sometimes we can get so excited that we're spending more money than we're making.Find a strategy that fits you and develop on it.

Hello All,I am the Principal of a development / investment company in Reno Nevada.

Please let me know if anything has developed along these lines.

I have started buying and selling vacant lots in a large development in my area, with great success in just the last two months/There are tons of sellers looking to dump their lots, and I have had good luck selling quickly, I work at a title company, and so examine title and include title insurance on all purchases, and have tried to do everything the right way.Today i was confronted by a broker in the area about my business, which she says is illegal.

I don'tknow where a person would buy options for $1 butI'm going to grab some popcorn and sit right hereand wait for someone else on this board to enlighten us all.From re-reading your post it sounds vaguely like the idea:"put a property under contract and then flip it to a developer".Maybe...is that what you've heard and you just assumedthat the way to get it under contract was to option it?

I am starting to make small HML's to developers and investors and I don't know if there are rules I have to follow.

If you have no other prospects and don't mind the work; save some bucks.

Anyone have information on pre-construtions/developers in texas?

I work with my father at a Land Development company, I manage various rental properties, I do land planning, and I do a long list of other stuff from permiting to web design to taking the trash out every once in a while.

The Development phase of this can wait for a while but its something to be considered as well.