It is extremly important that people read these rules prior to the purchase of a property governed by such rules.

Investors who are new to the international preconstruction real estate market should feel concerned about who they do business with because there are many ways that scam artists can take advantage of them.

I came here because I am extremely interested in Real Estate and the kind of money that can be made here.

.$1050 per month income X 12 months = $12,600 annual Gross Rental IncomeGRM=$40,000/$12,600=3.2If $52,000 is the contract priceGRM=$52,000/$12,600=4.1 (sorry not 4.2)GRM is based on your local market and is determined by comps (comparable sales in the same area).Again a 4.1 GRM is extremely strong and will most likely be lower than your area's comps.

I've only been asked about earnest money from a non-represented seller maybe twice.Now noobdog, in reference to "land contracts", I'm guessing you're referring to a contract for deed, which in Texas is not illegal but new legislation has opened one up to extreme liability for selling a property through any type of executory contract, where the buyer doesn't receive title immediately.

my concern is am i getting paid on time as he promised?

Short sales are extremely hard.

The other thing that most people don't realize is that if you have to do a rehab it can be extremely inexpensive to do if you do the work yourself.

0 being none10 being extremely knowledgeable

That's my speciality, and that allows me to be extremely efficient at it.