Even though I'm a novice at REI, I actually know a bit about this particular topic thanks to my mom who is a buy and hold investor.For each of the residential properties that she owns, she writes up her own lease and lists each and every detail regarding rent, pet policies, furnishing policies, decorating and appliances, etc.

Hello everyone. I was talking with a real estate agent who said that he would be willing to assist me in buying real estate. In his email, he suggested looking into HUD homes. Now as a wholesaler, I have never dipp...

Get to know the local realtors, but don't annoy them :)After looking at Arlington Heights, IL I found this place:http://www.realtor.com/realestateandhomes-detail/4062-Bonhill-Dr_Arlington-Heights_IL_60004_M73104-84888?

The devil is always in the details.

@Jon Holdman @Kris Haskins Just to clarify some details about the property:The property is a duplex with as many rooms as there are tenants (1 person per room).

I'm tied up today, but maybe we can discuss this in great detail next week after you've sent me your thoughts.

Unfortunately, I won't be able to give you details on the timing, but owner-occupied residences can be lengthy and potentially expensive..

Source documents are needed to show and justify all entries on any settlement statement, documents are to be retained for three years as well.I would be suspect to any closed sale transaction accomplished without a sale contract, that being so unconventional I can only think of the justifications for not providing a contract would be to withhold details of the transaction. :)

Please explain the details and the break down.

How notes are sold, pretty easy generating interest, from there you'll need to give details and then accept bids or offers from those interested.