If you have multiple partners, you really need the operating agreement as it's essentially your partnership agreement between the various owners.

If you're looking to get started early it is essential to get a w2 job as lenders will be looking for financial strength.

You should have realized your contract was essentially useless being that you are not under contract with the other 50% owner.

Essentially you'll need to find lenders that will lend on the property more so than your personal financials.On one of the BP podcasts they talked about a strategy where, if you buy a property in cash, you can refinance out in a few weeks.

But their debt is often for essentials.

Speaking to the anchorage market (my area) Do you think an oversupply of housing due to oil and economy being in the crapper is going to bring prices down anytime soon?

I'm replacing everything with oil rubbed bronze - door knobs, hinges, cabinet pulls, faucets, etc.

Essentially the same idea as crowdfunding but really just Joint Venture investing.

Hey Jay, that's essentially what I was referring to. 

Hi @Brett Elia.If you get a property under contract, you are essentially promising to pay that seller the amount you have agreed upon.