Need to assign agreement back to seller
Posted 06 January 2009 - 10:26 PM
Posted 07 January 2009 - 01:30 PM
Posted 07 January 2009 - 02:21 PM
If you are looking at basics of flipping you need to identify your exit plan first and then use one of the tools. Options are wonderful for all types of purchases. I hope this helps.
Posted 07 January 2009 - 02:49 PM
That said, if you are as new and inexperienced as you say, the notes business is not the way you want to start in real estate. You will be much better off by concentrating on one area, one technique. You'll have to decide what that is, but my suggestion would be options and lease options. They are easy to understand and risk free. I don't know what your financial situation is, but they also don't require banks or financing. In fact, most of these type deals require but dollars out of your pocket to complete. Once you get your feet wet and gain some confidence and know how, you can move on to other areas of investing and expand your horizons. But the mistake you want to avoid coming off the starting line is to try and know everything before getting started. You'll end up doing nothing. We call that the Paralysis of Analysis. Don't outsmart yourself. If you're serious about real estate, find your area of interest, and take action.
- JvM likes this
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