When a Realtor is involved, it seems more like a “home owner to home owner sale”, rather than a home owner sale to an “investor”.A Realtors commission is based on the sales price, just like on any other regular sale… And, the lender will pay real estate commissions to sell as that is a “normal” practice.

A fellow investor had overpaid for what was going to be a student rental right before a law was changed and she couldn't rent to students at all.

Find a lawyer in your area and get in touch with them ASAP and start the ball rolling.You need to learn the landlord tenant laws in your area.

High risk investors don't want to extend it because of all the focus on preditory lending practices the last 5 to 6 years.

I also work full time for a law firm, but I eventually want to make the real estate business my full time job as my business.

For another, find out your local laws regarding transactions like this.To actually wholesale it, you need to get it under contract at some agreed-upon price.

I always refer my clients to Lexington Law Firm they are inexpensive and they get results if you are patient.

That said the laws in Texas are unique when it comes to property rights and I would check it out with some who knows there but I imagine that the rules would be similar.

You can come up with your own way to pay the guy, lotsa different laws and attitudes on what is legal.

You need to be able to move quickly once you have something under contract.Research your local laws.