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Hello family, I have a possible investment situation I'm looking to get into and could use some advice. A coworker has a home their looking to get out of,she said she's ready to just walk away. Between the repairs mounting and the taxes, my coworker has become overwhelmed. I'm going to make arrangements to go see the house in the next few days to speak to her further and possibly take photographs. She told me that she has $22K left on her loan. I'd like to help us both by wholesaling the house and then again I'd like to lease it with rights to sub-lease. What about a land contract? My question is if I get into a land contract with her and she sells the house what happens to my contract? Or what can I do to retain my interest in the house?

lbrown

Here is my very first Blog

My husband and I are ready to start setting up our buyers list and finding sellers. We are up for the challenge.

Jill & Brian Z

The real estate agent that I spoke with told me that the MLS doesn't have any properties that would meet my criteria (starter homes in hot areas, as is, or needs work, vacant, price reduced?) He just wanted to know how much money I had to invest for 4-5 properties that I would be wholesaling? He suggested $750,000. I am trying to wholesale to acquire money to be able to fix-flip but do not have it at this time. He wants to sit down with his partner in the morning and discuss this further, but I am obviously way out of my depth as I do not have the answers to his questions. Not sure where I go from here.. Any ideas?

Thanks,

Twila

I was just asked what margin that I wanted to make as an investor. Doesn't that change from deal to deal?

Thanks,
Twila

thanks

Dean;
Thank you for the opportunity to win your Ipad Mini. But more importantly, thank you for your continuous efforts to Make a Difference in the World.

It has been my experience that I can do anything when I believe in myself, create a plan to succeed, and execute that plan while overcoming obstacles and stumbling blocks.

What gets in the way of my success, and in the way of having the life that I love, is that I play an Act called "I can't do it right." It shows up as a voice in my head and becomes a belief that then kills all productivity toward success and thus leads me to failure.