Even wholesaling or flipping requires contracts, and you're not old enough to sign.There are a lot of young people looking to start, and it would be nice to hear more of your story and how they could follow your process.

In most instances the lender will be focused on the contract price.

My experience shows it cost way more than 5K in marketing per contract and The close ratio is less than 50% due to title issues or a seller changing their mind and/or being difficult ect.I believe it, it was just an example. 

Below is the backstory, I have a house under contract that I admired the remodel, got an inspection and a lot of things were wrong with that property.

If you focus on the niche, and on getting a "deal" under contract, the $ will always come you only need ask for it. 

@Wesley FryeWhat’s the expiration date of the contract?

But for off-market/private party transactions, you are free to have your lawyer draft up a contract for you to use.

@Jay StraderI'm wondering the same thing - I had an attorney review the contract & basically all it said was invest at your own risk.

This happening in 05 to 08 and there were builders with 50 to 200 specs and they lost them all I bid on a 100 home package in 08 the houses were selling for 225k to 250k in 06 ish and we were in contract for 120k each..

Hard money is not cash and should NEVER be written on a contract as cash.