Originally posted by "mickus1":I plan on staying in the 2 family until I find another primary.If you intend to live in the 2 family for a period of time you can re-finance it as owner occupied.

Repairs 2000.00Staging 2000.00Marketing 1500.00Option 10.00Total 5510.00Home does not sell durring option period --- net loss 5510.00

If everyone knows that the market slows then any seller on the market in the winter either does not care to sell or is rather motivated.Ic an be a good time to get projects read for sale come spring assuming you can deal with repairs in the cold.If you are wholesaling and that means taking title be sure to have ample cash so you can hold through the slow periods.

I don't wanna be locked into using one company for the rest of my life.I have never had that limit placed on my non self directing IRA.

You got a gift the first time but now comes the real work- getting a property. you are now just like the rest of us, in the mix and this is where the rubber meets the road.

After a period of time investors are allowed to make offers.

There could be a significant period of time where you are an investor but have not ever purchased a property.

Obviously the retail and big down payment parts are extremely unattractive, but I'm hoping that negotiate him down on price, and make up for the rest in terms.I think the chance of successfully reaching a profitable arrangement is very low, but it's worth it for me to get experience in negotiating and considering terms.Before I jump into this, I would like to know how the heck do you write a note?

Or do you just have the negotiating rights for an agreed upon time period in which you can re-sell the rights to the contract or complete the sale on your own if you choose to do so?

Pretty much why I was asking on here to see what others may have personally ran into, to me it seems that it's going to be classified as income period and the seller will be responsible for the taxes on that income, only possibly/partially offset by whatever other expenses the seller might typically be claiming as part of their regular tax filing.