Find out how they view their role in what happened and if they take responsibility for their actions.Get serious about how you select your tenants and once you have offered to rent to them, make sure you have a solid rental agreement.

Hello BP,I have my first deal under contract!This is a great feeling, however something was keeping me up last night...I have a buyer's agent, but my current deal is a private sale that I marketed for and found. The a...

The “option price” is decided upfront and put in the contract, which means should the tenant decide to exercise the option to buy, they have agreed to buy the property for a set price.

Would be really interesting to get some perspective from some of these folks on how they view their role on the team and they could probably offer some great insights on building a team.So, @Brandon Turner and @Joshua Dorkin , how about an interview with Brandon's wife, or some of the other key people that work for/with the RE pros?

Escalating prices or creating additional holding periods, roll-over, additional option prices can disqualify an option and cause issues, so ensure an attorney familiar in options and financing is there.Options on lots have going to 3 years is common too, required to break ground after it is exercised, be aware of Dodd Frank financing options to homeowners by builder/developers, you're in a different boat.

I mean, to not know what you should know and have no need to know being what you should know is all an exercise in mental gymnastics.  

I don't see any harm in having one, I tend to think it all falls under the "EXERCISE COMMON SENSE" rule, but these days common sense is very uncommon. 

Wholesalers play a valuable role also.

I used to pay 5-7k to have houses taken down now I have a guy who moves the house give me 5-7k and takes the house out in the county and puts it on a lot and rehabs it himself.There is no "perfect" formula for your question there are so many factors that could play a major role in your deal.

Howdy, Being new I have a lot to learn but i want to walk through an exercise to analyze a deal that with my numbers do have a very good return but being human I'm sure i will make mistakes.Property - 2/1 single family house for 50k requiring about 5k in repairs (Definitely paint and there is no fridge and some of the floor is badly stained) that received a new roof in July 2014.