I look to everyone's collective knowledge to ask if there are any pitfalls I need to make sure to avoid with a land contract.

Any help is apperciated...I am young and willing to soak up the info...and FYI- from all the forums I have been on researching...this site def has the most knowledgable people!!

If you have a high credit score - you'll get a high credit limit and visa-versa.I agree with Jpopkin - some of your questions should have been asked and answered before offering a contract on the condo.Also - it scares me that you are trying to rent this condo with very little knowledge of what to expect.

First off, I must say that I do not have any knowledge about renting houses, estates or anything like that, so help me out here.Here's my question.

There are several ways you can add flexibility to the trust, yet you need to consult legal counsel that has a working knowledge of Land Trusts.

I'm just curious to know why yunghova said that wholesaling in md can land you in. ive had an abusive life and im down to my last dime. im trying to change my life by studying real estate but if wholesaling properties in foreclocure are going to land me in jail then i dont know what to do...im stuck. if anyone reading this is wholesaling in md please share your knowledge it would mean the world to me.

qualifier to last post:factors that impact rei strategies:EXPERIENCE - this involves having advanced knowledge of rei - being able to look at something and KNOW it's a gem, realizing that even at or below break even for a year or two, a certain investment is a great opportunity regardless and this of course, depends on the next factor.CASH (OPERATING FUNDS, DOWN PAYMENT, BUYING ALL CASH, ETC.)Individuals, partnerships, Corporations etc, that have the means to close in 48 to 72 hours, or have enough funds to take on a negative cash flowing investment for an indefinite period of time - again, knowing it's a killer investment opportunity.

You all seem like a great group with alot of knowledge of RE.I just baught my first house.

Any advice or knowledge on winning bids will be greatly appreciated!

I rent to low-income families and I have the feeling that you have some knowledge that I would love to tap into!