If they offer over your own valuation, then you know they are the signs of a bubble and will soon fail.The smart equity groups have been buying distressed houses since 2011, so these guys are late to the game.

Here are some of the questions I have: I am concerned about the house and how to value it in the negotiations - in our offer we cut the value put on the house (10k) completely off and we are now under contract.

My guy at Wells Fargo confirmed to me, after reading one of his contracts, that there is indeed one sentence in there that requires me to live in the property, or otherwise have the property as my primary Residence, for at least one year.……… The whole reason for my quandary and my posting here on bigger pockets.

Long story, but I'll try to simplify: My wife got a one year contract job at a university about an hour away from our primary residence.

Is this possible and a smart move?

Then I got to the point where I felt that I was "book smart" enough that the only way to really learn anything more was to jump in and get hands on experience.

Maybe in the future when I have generated enough positive cash flow I will look into these other areas of investing.If anyone has any ideas on how I can resell the land on terms using seller financing although I am currently paying on a contract for deed, let me know. 

Now a I have a question, what are all the fees you have to pay at closing day when you are getting a assigned contract ?

I currently have my first home under contract in Phoenix, AZ.  

@chris martin  @larry t Ok this for me is a clear lessoned learned before i reach out and look to ask for help i have to be extreamly clear with what i am asking for or looking for so yes i am a contractor and i do make good money i wasnt trying to boast or try to make my self look like something im not either i realize now i didnt express my self clearly and i appologize for that because clearly some people are taking what i explained wrong  I may be coming off the wrong way but that is clearly not my intention how ever all i was looking for was a good hard money lender in my area thats all nothing more nothing less this deal is an off market deal she brought to my attention And what I consider to be a smoking hot deal others may not feel the same way because you may be more seasoned than me and  you may consider a smoking hot deal a 2 million dollar deal So this is all about a matter of perspective and experience also fellas im not claiming in any way what so ever to be a seasoned vet when it comes to investing either and from what i have learned its alot better and smarter to invest with someone elses money and partner up with someone who knows more then me so that i can get to a place where deals look better from a different perspective plus if the investment is right of course do it and if it makes sence  then great move forward and if not then be smart and pull away its all common sence and i do realize this there will always be a deal out there