Everything would be specified in your lender instructions.

I suspect you have some product, program, book, system or other stuff, you can try, but you won't get far with it here I'm afraid, not the way you're going at it.

And, don't think any video or forum covers underwriting required, those making instructional materials haven't originated a fannie mae loan in their lives, I'm sure and that is the standard to be followed.

My name is Cristian and I live in Montreal, Canada where we currently have awesome -20C weather (I think that's like -4F)So a little about me - I started being interested in real estate investing after reading the Rich Dad, Poor Dad book which resulted in me going to one of their free seminars that resulted in going to the paid 3 day weekend that then resulted in taking their advanced training which I recently got refunded because I wasn't satisfied at allI then learned about a new program with ************* which I am currently following and seems ok for nowMy main issue is that I am full of a lot of book knowledge but close to zero real world experience short of calling a few agents, home owners and so on.I was let go from my job on October 10th because of budget cuts and have decided to go full time investor since thenI am ready to do whatever it takes to make this work because my mindset is already changed and going back to a job is now my ultimate last resort that barely has a shred of interest tied to itMy immediate goal is to buy myself more time - I am ultimately looking to replace my ex job income by the end of 2014 and then some - but for now I'm simply looking to close a few deals to buy more time financially speakingThat's it for me for now - hope to get a chance to speak to a lot of you and soak up all the information that I can while building some great relationships along the way :DCheers

I have a few questions about closing a deal from a to z The steps I learned through the program I'm following are these: step 1- find buyers step 2- email real estate agents and say that you're looking for properties that meet the criteria of your buyers step 3- call back your buyers when your realtor finds something step 4- if one of your buyers agrees, have the realtor send you the contracts step 5- have the buyer sign the contract first step 6- email back signed contracts step 7- close the deal at a title company or with an attorney Now my questions are more for 1-4-5 First off, what are some thoughts on having your buyers first?

@Cliff Hirtle , @Justin Silverio 's Meetup has no selling speakers, and my Black Diamond group has no selling speakers, mentorship programs, classes or even memberships.

Any resources on this, not looking for a guru training program, just;How to structure such a deal so everything cash flows properly.Also whats a respectable per door profit?

I am still in some educational programs (phd and mba) and the employment contract with my university runs out in 06/2015, which might hamper any attempts to secure a traditional loan.

By "degree days" , its in a computer program that calculates the amount of typically used based on the temp , efficency of the furnace , sq footage , number of occupants , type of construction , plus a few more items .

If they need too much rehab the properties will not qualify for financing, exceptions being Fannie Mae/Freddie Mac bank owned properties under the Home Path program.