I am in a 3 month program to kick start my business with a very successful local investor and he has provided us with a lot of his materials he used while wholesaling and I know him personally and it worked for him so I am NOT trying to re-invent the wheel but I know my competition in they area and they are respected, honest and have been in this business longer - although they tend to rehab their projects but one of my targets is the motivated homeowner and its theirs too!

Are you Commited to working the hours and a program that will get you there day in and day out ?

Hello Hung Nguyen:Keep in mind that many lenders will not accept a short sale unless all of the parties involved (buyer, seller and agents) sign an affidavit of "arms length transaction" stating that there is no agreement or understanding, written or implied, between the buyer and the seller that allows the seller to rent or regain ownership of the property in the future.

I've got lots of family in your area; there are quite a few investors here on the site that are local to you.Jump in and get involved; you'll find that BP is a great resource for your real estate investing career.

I personally went to detroit to look at properties, youd be amazed how nice some of the forclosures are, but almost EVERY house youd buy needs paint, carpet. paint and carpet on a 1000sq house cost several thousand, plus maybe someone from detroit can shed some light here, the city is VERY involved in rentals in the city of detroit, which is why my locals invest in the suburbs and close cities from what i understand, where there are not $100 houses, not even $1000 houses, maybe $10k houses.

I'm about to purchase a residential property with a private seller & no agent involved.

There is a lotta waiting involved.

Make a few contacts at banks around town who are willing to loan using some of these fha programs and other that except a lower credit score to get approval and possible 100% fin.

A 25k loan @7% -Montly payments will be bet 450-550.Do you think this is good way to get some money to get involve in buying and flipping properties with other investors?

I use a PDF editor program which allows me to add my initials and signature as many times and on as many pages of the PDF as needed and it looks just like as if I printed, scanned, and emailed back so they really can't tell the difference.