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Welcome to the group - You should check out the National REIA's website and click on your state - http://www.nationalreia.com/groups.html for a list of local groups - Where are you located?

I was reading Christy's post "What are deals and what arent" and was wondering if anyone had a non-compete or non-disclosure contract they would be willing to share.

I ask because I've found a property that I think is well positioned for an investor more experienced than myself. It is located in a good area and has recent comp sales which are high. Through researching the owners, I have learned about the situation which is motivating their sale of the property and have also researched their current financing arrangement which is not favorable to them at all. After inspecting the property, and detailing the necessary repairs, I have a good idea of the rehab costs. All in all, I believe that at the right purchase price, an investor could profit around 35k. My problem is that I am very new to real estate investing, and while I have read a lot of books, my practical experience is zero.

I'd like to birddog this deal to a more experienced investor in my area who would pay me a modest fee ($1500) for the work I have done, and who would also let me tag along for any meetings, phone calls etc with the owners, bank, etc, so I could learn how to close these finds in the future.

So, if anyone would be willing to share a non-compete, non-disclosure agreement with me so i can protect myself, I would very much apreciate it.

Thanks -

Rich

I found a property that I am might purchase as my first rehab project and I am in the process of figuring out how much I should offer.

Does anyone here have experience using the “cost estimator” tool on www.contractors.com? If so, do you think that the numbers they quote for specific renovations are accurate or is there a % that I should adjust to get a more accurate number? I am using this tool to ballpark costs before I go and bring a GC there for a quote.

Thanks –

Rich

Thanks everyone -

Hi - I am new member that has been lurking on the boards for a few weeks. The information on here has been super helpful so far and I can't wait to learn some things through my own personal experience that I can share with others just starting out.

I have read several investing/rehabbing books so far and have been listening to quite a few podcasts on real estate investing. I believe that taking on a small rehab located in my area would work best for me given my experience, time and more importantly - cash.

A question I am dealing with currently is this: I want to join a local real estate investment club but can't decide between joining the statewide organization and the smaller regionally focused one. Both meet monthly close to my home and cost about the same for an annual membership.

Any suggestions for a newbee - does the larger offer more benefits due to its membership size, or should I go with the smaller group so that I may be able to find a mentor and not get lost in the crowd?

Any and all thoughts appreciated -

Best,

Rich