I offered for a clause that if he decided to sell then we get first option and we need to arrive at a price to state in the contract.

What happens if 2.5 years arrives and the buyers are unable to get a loan?

In the eyes of our ever increasingly socialist government, I don't need the money I make.If anything does arrive I will throw it into the trading account.

Hello Everyone, there's this thing with cap rates (well checking for a properties true value) that I just can't seem to wrap my brain around and wanted to hear what some of you other investors thought about it.OK. everyone knows that the properties value is based off its income (NOI) which I got that, and everyone knows you arrive at the cap rate by dividing NOI by the Asking Price which you get the cap rate at which the seller is selling his/her property at.so my question is, isn't it a flawed pratice to analyze all deals off a 10% return/cap calculation?

Are you guessing, hoping, or can you provide us some insight as to how you arrived at that conclusion?

Is it arrived by an appraisal?

Pure bunk.If you could do the following:* create a website for TBers to leave their info* get door hangers and flyers and bandit signs up for TBer to be driven to Web Page* get TBers money together, whether it is a loan from Household Finance, or loan from their parents, what ever* convince the Seller that the sales price is a new appraisal, period, at the time the TBer gets financing approved and funding letter is typed up* learn about credit reports and clearing negative marks (Fair Credit Reporting Act, FTC, etc)* have a goal where 10% down payment is arrived to get good rates* have the seller pay closing costs* you as an agent get 3% now, 3% when it closesThe challenge is helping both the seller and TBer get a win win, not easy.i.e.

and some folks from the UK have told me what it's like having to turn in your guns to the government for them to be melted down....and that's exactly the moment that we'll know that the time to FIGHT has arrived.

When you arrive at your future, will you blame your past?"

Hello All;I have always wanted some kind of a business in the real estate community and when the opportunity arrived I grabbed it.