so as far as assingments go I have a couple of questions..
1. How much money do you normally put down? Will someone really let you put a 100000 piece of property under contract with 100 dollars down?
2. What if they have a realtor? Is the realtor going to do the same thing and let you lock the property up with that little of an investment? It seems the realtor would be worried about selling the property themselves and weary of letting someone lock up a potential money maker with a small investment for a down payment without credit checks, qualification, etc...
3. Do you have to pay for a home inspection? I'm thinking the buyer would want to know exactly what all was going on with the property in terms of conditon but wouldn't want to pay for that himself if he wasn't sure he would purchase it. This seems to leave that burden on you.
4. Where do you get the properties? Off the top of my head it seems like the MLS listings would be the place to find plenty of peoperties and foreclosures. Does that not work, because I rarely see many people talking about that.. Does this have something to do with an agent having the property?
5.. Last; may have been covered earlier, but how far down in value are you looking for in the property? I read 30% somewhere on here but is that of what the property is worth or what the properties in that area are selling for?
This is my first post and I'm new to the boards and looking to get involved in investing if I can get a solid grasp on the road to success. Any feedback would be appreciated. Thanks