Norm,What are your intentions for this property?

I am going to ask the seller to sign the option - my intention is to find the end-buyer, (do not want to put under contract as I am not interested in it myself and not sure if I can find an end-buyer fast enough).Since I never done options - what paperwork is needed to be signed ?

Retail developers are adding offices and/or apartments/condos to their developments but they don't have the experience of residential development so they will partner with a company that does.Consult an attorney for the structure of the deal.Delegating the tasks is accomplished in a meeting of the minds of the two (or more) companies and preparing an agreement, in writing, as to how the project will flow.Every joint project begins with intentions of being the "Perfect" project and a win-win for all parties with no complications.

You can use a letter of intent to purchase with a proof of funds and authorization to release.

You have used the word "to" where the intent was to use "too" from the context of what is being said.

Does it violate any FHA guidelines to move into a property with the ultimate intent to sell it?

Hi Eric,I think Alnise has left that building.....I am curious about her response though since I am targeting FSBO as well with the intention of optioning the property and selling the contract to an end user....Nikki

Even conventional financing lenders are very suspicious of flipping - we had to write a letter to Wells Fargo declaring we had not purchased the property with the intention of flipping it - I need to find other lenders willing to finance quick resales.

I feel disillusioned because I have a feeling that all the Robert/Kim Kiyosaki books were not written with intent to sell a story and a lesson, but rather with intent to use psychology to pump the next product.Now that I think about it, this is the path I took:$25 Rich Dad Poor Dad --> Other Rich Dad books from library (free) -> $160 Cashflow 101 -> Free Seminar -> $500 seminarI don't regret taking this path because I've learned a lot and it changed my life.

We have every intention of making an offer on this building but aren't sure where to begin.