If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and The BiggerPockets Podcast.

Conceivably, these siblings would either list and sell the asset to your investor (for which you receive commission #1) or you bring in a developer/syndicator.In the second scenario, siblings would partner up and contribute their equity into the formal or informal partnership and the developer/syndicator would bring experience (successful track record), and other resources including builders, design architects, engineers, and entitlement experts for zoning and building approval, depending in the scale of the project.A third choice exists whereby siblings attempt development themselves.

I thanked him for his time and told my client that we needed to walk away from this whack job and find another place.We submitted an application for his second choice, which went through without incident.

It is still, 11 years later, our biggest flip by difference between purchase and sale price (we did pretty well).In our case it wasn't a thoughtful choice--we became real estate investors after finding an opportunity.

You may want to check this post: The Ultimate Beginner’s Guide to Real Estate WholesalingSeeya around the forums!

Its your choice , take it or leave it .

I was orignially going to save cash through wholesaling and then phase into buy/hold, which is ultimately my overall goal.

If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and The BiggerPockets Podcast.

@RaySlack is right you may need to file a quiet title action to ultimately get a clear title.If I were in your position I would also hire a skip tracing service simultaneous to filing a quiet title action suit to find the person.

We are trying to formulate a 5 and 10-year plan with the ultimate goal of becoming self-employed doing REI and investing in our own wealth and future.