Maybe I'm just being a bit stingy but I thought I would get some advice/suggestions before handing over my oh so precious credit card details.

I went with it as I do not want to learn the details of HTML, etc.

For more details, send me a message.

hello everyone, i'm a beginning investor and i need some help/advice on putting this deal together.well anyway here is my story, just the other day i found a vacant run down boarded up house in a good neighborhood (were the other properties have beening selling kinda high and etc), this propery was listed by this real estate companyso i called the real estate company got the price of the property and setup a walk through to see just how bad it was inside, so the next day we went through the property and man i tell you this property needs alot of worknow at this point i am only interested in wholesaling the property to another investor because i think the rehab will be a little to much for me being a beginner and etc, so i told the agent to make an offer on the property, and after some negotiation the seller said as far as he'll come down on the price is $10,000so here is my problem, the agent said before we can go any farther i need to show proof of funds ((becuase no bank would give you a mortgage on a property like that, so whoever that'll purchase would need to be a cash buyer)) and open escrow with about $2,000 which i don't have any funds ((i just want to tie this property up/get it under contract so i can sale it to another investor)), plus the agent told me that the listing agent of the property is also a rehaber and said if i dont take it he'll take it, and the only reason he's giving me that opportunity is because he's already rehabing a couple of other properties right now ((which i don't know if this is a tactic to get me to get the property faster or what))but here is some info about this deal, the property was listed at $79,900 and was reduced to $65,000 about a month ago, then i got them down to $55,000, and the properties in the same neighorhood with the same specs are selling for $142,900 in good conditionso how to i go about tieing this property up especially when working with a real estate agent, oh yeah something i forgot to mention i even have friend that would be interested in buying the property off of me to rehab it, its just that he wants me to find him a hard money lender to work with......SO IF SOMEONE CAN HELP, PLEASE LET ME KNOW WHAT TO DO, ALL OF THESE PEOPLE ARE WAITING ON ME TO MAKE A MOVE

Your situation does not seem that complicated, but there are not enough details in your post to really understand where your parents are at, why they did what they did, what your parents goals and objectives are, etc.

I am working up some details for a deal presentation to a UK investor (US property, UK investor).

I didn't really get the details from them, they just said liquidating, so I don't know if that means selling or doing refi's to get the equity out of the properties.

Mike,While there is some logic to the cycles the details are not accurate for all markets all of the time.Some markets have downturns which really means prices stop going up but they do not really fall.There are markets where prices fall but the recovery is closer to 3 years rather than the 8-10 you are expecting in your cycles.To all:DYOR - Do Your Own Research for you market.

Thank you for the detailed reply.

Hence you will not find open membership forums like BP where the real details are discussed.John Corey