Even if I didn't have good credit and even if I hadn't established myself with banks, I know that if I can find a deal, a REAL deal, I can find the financing.Financing is very important to this business, but the key to this business is finding the deal.Out of my first ten deals I had one loan that they actually checked my credit, and it was a refinance.

.$450 vs. the marginal interest cost is the key.

THE KEY IS you need to understand who a land trust works and your position in that trust.

You indicated you were keeping the option money small but putting money into repairs and staging.

What are the key things that you look for when figuring out whether you should spend more time with this seller?

And when I did find potential leads, see #1 above to get an indication of how hard it was to put these people in touch with my PM.

The key issue is establishing what is the FMV for that property and why you were able to buy it below FMV in the first place.

A quit claim indicates who is saying they have no claim.

If you need financing make offers that clearly indicate that you will be getting a loan.Note that some deals will only happen with cash buyers.

He mentioned that once we went under contract, he would give me the keys to the place so I could show it.