seasoning of the title may be required by the end buyer's lender.i'm not quite sure what u mean by 'resell for a fee'?

wow nick, 900 posts and only being here since jan is pretty impressive. thanks for all u contribute!

if you partner with the experienced investor and if he is as experienced as you say he is and you have 50k to invest u have to realize he will expose as little as he can to u for as long as he can.

I generally work directly with the listing agent on these types of deals, however in this deal I wound up with another agent in the same office as the listing agent.

With so many contracts out there I just wanted to make sure I have all bases covered....some "gurus" refer to getting options agreements first and some dont..what do/should u do?

He wound up selling as a FSBO for 125k and spent slightly more than 30k including all carrying costs and the 2 mortgage payments.

Next, u need to grasp the ability to know what to fix, how to improve floorplan layouts, and what to put into homes for your market to get the most for every dollar spent.

I would find out more about the deal (if he has GC... him to provide contractors bid for work w/ license)I would restructure deal and loan about 50k MAX (on this deal)Int rate between 12-15% (depending on his experience)That should get u startedRich

one thought is to hire a PM expressly to rent your home to a qualified tenant and then u take it from there, verifying for yourself that your new residents are in deed well qualified!!    

@Lee G.Hi, care to share what you wound up doing ?