I have friends that went to private universities and paid 2-3 times more than your standard state university and come to find out it was a waste of money.

I'm looking for a simple yet solid contract that protects the wholesaler and is easy to understand for the seller.

Don't need to waste money on running their scores, but make the parents co-sign and run theirs obviously.

I've been listening to the podcast for last couple of days and liked it so much I had to get involved here on the forum.I'm really hoping to build some solid relationships, add to value to community how ever I can and am eager for any nuggets of advice any investing vets are willing to share with a newbie!

Specifically, if the door from the garage to the house appears to be solid core and has not been replaced since the house was built in 1982, is that okay.

I personally like the area (originally from Maine) and the numbers are much more reasonable for starting out than in Boston.That sounds like a solid plan.

They still personally own a lot of the funky loans from before the market crash, such as stated income loans, as Fannie Mae and Freddie Mac will not purchase them.Like Ed said, if you're providing full loan documentation and a solid downpayment.. your loan most likely fits Fannie Mae/Freddie Mac standards, and will eventually get sold to them.

You'll be wasting your time if you talk to people that don't have 30-40% equity; even if they're motivated, they can't negotiate below what they owe...Think about the wants & needs of the people on both sides of the equation and understand how you can put them together for profit!

Frankly it's just a waste of time.

Also, will a solid business plan help so that the bank is investing in the investor/property and not their past credit blemish, especially if their credit is great now.