During this period the debtor must obtain consent by the Trustee to enter into any financial contract that presents a liability or in acquiring any equitable or legal interests in other property.Bottom line, the court will allow the debtor to enter into agreements to expense funds for the necessities of a debtor, leasing a property at fair market rent, buying food, clothing, having a car repair or other costs of living.

This will lock up your proceeds in your exchange acct for a period of time but will also have the benefit of keeping your options open.  

I am young and do not want to be laying tile the rest of my life so i would like to get into the buisness of real estate investing and flipping homes to build a wealth and possibly a passive income.

We do a lot of updating due to the age of a home like this, so we have taken out the old kitchen cabinets, thrown away all the old appliances, pulled out all of the old dated light fixtures, removed the flooring (except for the ceramic tile in the kitchen), removed the bathroom vanities (old and dated), etc.The home already has a newer 30 yr architectural shingle roof, a newer HVAC system, but the rest of the home needs a good overhaul.

I've been looking in one periodical for probate leads.

I can be home for long periods of time so I want to fill my downtime with something interesting, challenging and profitable.

The rest is learn as you go.

When I discovered that he had lied I attempted to cancel the contract within the 5 day grace period but he told me that it was not possible to cancel the policy.

The goal is to do 2-3 more complex gut rehabs and the rest cosmetic/surface type rehabs.

The contract requires periodic payments over a term and upon completion title vests in the name of the buyer/borrower of the real property.