Nick nailed it...Now with that out of the way... let's suppose that you know someone and you both want to partner on a deal... here a few things to consider.The most obvious is... is this worth your participation and if so how is my risk posture protected?

Let's say I go to church every week, I follow the 10 commandments, I do everything I'm supposed to do, but let's say I was brought up not believing, so matter how hard I try, I just can't convince myself?

Who is suppose to show the buyer the property?

We are having a new international airport opening next May that suppose to bring lot of jobs and tourist to this area (new airport in the country in many years).

Unemployment is supposed to be a temporary state.

Supposedly it is in perfect shape.

When I call the title company, what is it that I'm supposed to say?

Any of that good stuff that its sole intent is to build your buyers list... is illegal lol.The thing that seems to be the illegal thing to do, is to get a persons(supposed buyer) and add them to your documents, file, rolodex..

thanks all,jaws, yea, that was a mistake on my side. purchase prices 42k. supposedly no repairs necessary. i am walking through tomorrow.

And once the property is sold, you deed your title off the contract with a quitclaim deed.I am just wondering where am I suppose to get paid?