The neighbors LOVED that I (or anyone for that matter) was coming in and fixing up the eye sore... anyway, i was renting the top floor to my step daughter while rehabbing, and she had this boyfriend that she was trying to get rid of who kept coming around and hanging out (stalking) her at all hours...

Then, assign the contract to your end buyer, and step out of the way.

Action beats inaction.When I find myself paralyzed by thought, I take a (non-critical) blind step.

Being a newbie not sure what should be the steps to:how to approach the owners,what to offer them (for example: for a 300k property- if they have 200k already in equity, on average what should offer to them.)how to valuate the property (actual + repairs), how to search if there are other loans or not,how to take over the loan.and anything else I must need to take in to account.Since it will be the the first time for me so not sure how you advise me to move forward.Thanks.Seth

4.Don't get caught up in the steps, get caught up in the outcome?

I am, however, still fairly unclear on few steps in the basic sequence/process of purchasing a property.Generally speaking:-Find the prop.

:shock: shes handy and tough so hopefully with the both of us we can cut some of the "labor costs" out of rehabs...well as soon as i get started and she moves here. anyways..i have several posts out there now. i think my next step is to contact my RE agent since i don't have contacts...although i haven't gotten any info good or bad on that area....

You're going to have to go through several steps.

Havent enlisted the help of a realtor yet, but I guess thats my next step.

In fact, I would go one step farther and say that this entire process started with Nixon taking us off the gold standard.