Maybe you only know house flipping but after listening to a podcast on wholesaling, that suddenly sounds more in line with your skill set.I am learning at the ripe age of 40 that shortcuts don't exist.

I'm all for getting your license as a wholesaler but expect MORE work and higher expectations from yourself and others around you.

Then he just sits around and collects profits, but does no work and incurs no risk.In fact, I'll take that deal!

Julie & I had some real luck buying multi-unit (duplexes in this case) that needed some serious work and brining them up to market, but that took some real capital.

In order to make ld contract language effective, the owner would have to negotiate the appropriate contract time extension required to perform the additional work and ideally this would be done at the same time as the financial considerations associated with the performance of the additional work.I hope that I didn't make the issue more confusing. 

Based on the numbers (see below), if he agrees to this set up, I will invest $50K, he invest the rest (roughly $52K based on the spreadsheet below), he will do the work and I will take on a passive position.

Thank you and welcome to BP also:) I will definately do that when get the details all figured out:) We are in a nice area, muskegon co, im looking a some perspective properties , 15k and under that dont need a major flip, and would be a great investment for an investor and we would do all of the work, and sell or possibly rent out but we could manage them also, we recently completed a rehab for Altisource rentals, and it was rented out within 30 days after we completed it , there is a big need here ,alot of vacant.

This is just one of my planned marketing angles.2) Get leads through all the ideas i've found on here such as absentee owners lists/ local govt filings / postit signs/ driveby/ etc (the etc is expansive)3) Create a database of the potential clients we may propose buying their house to after they call or call them and detail every step.4) Take down details of house after speaking with owner and explain how we work and eventually what we can offer and how we came to those numbers.

My property manager rented my unit to two kids that do not work and have no rental history.

Kevin Carroll, a local HUD certified listing agent will be presenting on the in’s & out’s on how HUD Homes work and how to buy a HUD owned property.The latest Treasure Valley real estate market stats will be shared, along with plenty of tips, tricks, and deals.