When I said EM was irrelevant, I meant with that example, as it is relevant.Earnest money,option price paid, rent deposits all have something in common, it's money with a contract.If you consider basic contract law and the elements necessary for a valid contract you'll find that consideration must be given, the type and by whom depends on the type of contract and performance required.

If not the signs are misleading.If you end buyer you are assigning to cannot perform will you put up a ton of non-refundable earnest money if you can't close it??

I pay on performance after inspections not big upfront deposits. 7.Once you have all the bids with the optional items itemized then you can negotiate with them and have a better feel for the figures and how that compares with your exist strategy.8.Make sure you verify the insurance, licenses and references and all the fine print.Good luck!

But from my experience, since I perform my own checking of public records to see the title issues, it's quite uncommon for a borrower to be current on a second and behind only on the first.

NOI and cap rate are a measure of the properties performance.

However if you need to perform upgrades to a shared utility that would be split and deductible.

I currently buy non-performing 2nd mortgages/notes and I am in the middle of my first flip.

Do you have some statistics on their performance or have they not done anything yet?

The key is to perform your wholesaling while not crossing any illegal lines.

Regardless of representation of a client with fiduciary duties written or implied or performing ministerial acts you MUST disclose you are an agent or broker.Even if you are not a REALTOR and the CODE OF ETHICS do not apply to you there is probably a disclosure law on the books for your state real estate commission that you have to abide by.Bill had it dead on in that as a broker or an agent you are trained in contracts and real estate and are supposed to be informed on a higher level then the average joe selling their property.If you tell the buyer or seller that you are a broker or agent or acting as a principal in a deal and they do still not want representation for themselves then at least you have given the required disclosure and it will be harder for them to claim they were duped later on.