No thanks.Then I explain they are loaners.  

The legal documents will chage state to state but the concept is what you need to explain.

Explain that a legal proceeding is going to be detrimental to them, and you are willing to help them out.Try to collect as much possible upfront, and spread the rest of the payments on a plan.Good luck!

It explains the whole process along with types of deeds.

Can anyone explain why equity is or is not an important factor in determining whether you should purchase a property or not when doing wholesaling.

I would explain to him that I can save his credit from that repo, and that will save his chances of buying a house, car, etc for the next several yearsFor her, I would take over her debt, place the house into a trust with me as trustee, and have her change the benificiary to my in a few months, once the bank got comfortable with the idea of sending me the bills and getting paid on time.

@Josh Gangi I am really interested to hear how you do due diligence on condos - could please explain?

I've explained time and again that I will not use my degree and my sole passion is in real estate.

You do this via channels that complement Biggerpockets like linkedIn, facebook and tweeter.If you are wondering, there is a book that explains guerilla marketing.Best.

I consider myself mid-versed in real estate and I'll explain why.