ALSO, if your getting into flipping, which is the route I'm going to take, you need to man up, because contractors will push you around, and you'll lose out big time, or take forever to get flips finished and sold...

Around here Subject to is also referred to as a land contract or a contract for deed.

If I personally am lending we usually require $1000 earnest money and $4000 certified funds to close.

Also what do you guys think about this one person I know he is 54 he is a client of ours and he is a contractor, he says he wouldn’t mind teaching me even more he encourages me to get into it, by taking me to his work place and start teaching me what a house needs how to find it etc. though I really like the idea of learning from him I was wondering what you guys think?

Be more organizedSteps ive takenHired an accountantHired 4 contractors to do my workThats a brief overview of my real estate goals.

well yes I want to start local then branch out into other areas and yes have been talking about relocating once I get establish. i do have a great deal of support.. the only problem is how to start I have some a friend of the family who is a acountant. father in law is contractor and they all wann jump aboard.problem is have no idea how to finace it..

The basic numbers I see are usually:Purchase Price- price you pay for the propertySelling Price - amount you will sell the property for (not necessarily what you will list it for)Holding Costs- monthly payments, insurance, utilities, points paid upfrontRE Agent Commission - agent's commission on the sale of the property (commission on the purchase of the property is considered paid by the seller)Rehab costs - total expenses used in rehabbing the property from lawn, paint, permits, property inspection, contractors, supplies, etc.Profit - the amount you must make to take the dealIf you take the selling price and first subtract the purchase price, then subtract the expenses (holding costs, agent commission, rehab) you should have your Profit amount.

Well, sometimes they have to find a few contractors to help them do it.

the Main problem is finding a contractor(s) that you can trust.

A bidder's deposit of $21,200.00 or 10% of the sale price, whichever is lower, will be required in cash, certified or cashier's check.