If it is your first flip and the subject property does not have recent comparable sales in close proximity to your subject and you are not “really sure” because of a lack of similar property sales, consider passing on the deal and wait until you have more experience before attempting hard to value properties.

Calling yourself an investor (sounds better and is more impressive) but it's also a justification in an attempt to avoid the license issues.Missouri really doesn't buy the "equitable interest" angle either, if you do "a" deal, there won't be a problem, if you do 20 deals in a year it's a method of operations as a dealer.Your LLC is an alter ego, an entity in itself and is subject to the same legal issues you would be individually in RE.

He said he really liked the character of the house, had plans on setting a record sales for the area, and was going to contact us in a few days with his numbers.My question is, I know that I have to gain this house under contract, but how do I go about this.

We are attempting to buy and hold a second as of yesterday.

We are attempting to buy and hold a second as of yesterday.

That said, like anything else, I'm sure there will be some shady characters in the space at some point.My concern is less about the portals and more about the deals.

Now I wonder how does one sleep knowing they are expecting thousands of dollars from someone that cant afford toilet paper so they can peddle a borderline plagiarized ideas at no risk from themselves.2) The one thing one of these interesting characters may do for one is open the window to reality.

If on the other hand you are attempting to cover up defects in the property, I would question whether it was worth the potential damage to my reputation.However, either way if you can sell direct to the potential home owner with light makeover for substantially more profit than to a rehabber, then sell to the home owner.

Any fee paid needs to be validated and revealed on the HUD-1As for wholesaling : It is illegal to attempt to sell something you don't own.

However, if all attempts for saving the property fail, I want people to know that hope still exists.