I could sit here and detail the ideal situation; however, that kind of planning is what pays the bills ;)-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

What historically I've done is strike a deal with the rehabber I'm doing businees with and they write the contracts with the sellers directly and pay me cash after closing the deal.I feel like I'm leaving a lot of money on the table and have decided to contract directly with the sellers from now on and then assign the contract.The attorney I deal with says to assign contracts I... a) need to use an attorney separate and apart from the sellers attorney b) like Jerry says, use both the P&S agreement and the assignment form c) the contract itself must contain "and or assigns language"I'm interested in what you wholesalers are using in the time period?

Turn over may be slightly higher but not by a whole lot around here.My ideal properties are 2 families with a larger first floor giving the feel of a single family say 2 bedrooms even three, with a basement finished or unfinished.

I have also been reading for a few months general ideas on BP and still can't come up with a best strategy.Bottom line: I have some experience in LLCs and real estate, am a resident of PA and have a partnership LLC with MFH there, but I need some advice for a new venture.I am interested in expanding on my own, ideally to look for SFH in a few southern markets, namely in TN, GA, and possibly TX, in that order.

I often have to wait for every manager in the place to come up and ask me where I got my cards and give me the 3rd degree.One other hassle that I deal with is with returns.

My personal opinion is that a fireplace is not a good ideal in a rental property, for one simple reason do you really want your tenants handling smoke and objects on fire?

I know that this site really parallels my ideals and the direction that I feel our organization is going.

She would have to go through the foreclosure process as a lender.I don't think this particular situation would be ideal for a new investor to break into the business.In my mind this could be compared to an elementary student attempting to take a high school or college course.

Not to hijack this thread but, I was wondering if Mike could share any financing ideals for cash poor investors, (i.e. newbies).

This makes the program ideal for many real estate investors who wish to put as little of their own money as possible into their rehab projects.