Let's say it's $100.Your contract would declare that, should you should fail to perform, you would forfeit your earnest money.

Hi, My name is Jarid Fitzpatrick I am brand new to Real Estate investing, I  have read the books i have watch countless videos, I just have a few questions to help me get started, My question is when i want to start should i have a money lender before i get a house under contract or should i get a house under contract and then go looking for a bank loan or a money lender?

There are a few different moves on this deal not sure yet if any, maybe try to buy the non performing note.

Does anyone have any recommendations on which brands are of the best quality and reasonably priced distributors?

Either I take it on or the lender does.In short term deals I've performed with an AUD lender, I accepted the risk of currency fluctuation and it was written into the lending contract that they were to receive their base AUD amount plus interest as agreed, regardless of any currency fluctuation.  

You would probably do the best to start in performing mortgage notes where you act as the bank.  

The plumping had been updated, as well as the electrical but the icing on the cake was a brand new central AC unit which had been put in a few years prior, which is really really hard to come by in my area of investment.The daughter who had power of atoney was there along with her husband, when I stopped by. 

My end buyer could seek specific performance and sue me to deliver title that I don't have. 

A POF shows the ability of a buyer to buy, the ability to perform in the contract as it has been made.

I'm brand new to Real Estate investing, but I think I want to look for a multi-family buy and hold.