Quote from @Nicholas Stevenson: I’ve been building a portfolio through creative financing and just closed on my second Contract for Deed deal.

What investment strategy is most common/best for someone with a remodeling/contracting background?

I'm looking to learn how people in my predicament (total beginner) can find their first investor(s) to sell their contracts to.

Your contract should be state-specific, as each state has different requirements.

Obviously that is not what you are thinking about during the start up process.Second, when your wholesaling, keep in mind that you are not selling houses to flippers, you are selling contracts.

My question is: Can she back out of this contract?

Hey everyone — excited to finally join the BiggerPockets community.My name is Jonathan, and I’m a commercial/contracts attorney based in Connecticut, currently transitioning my professional skill set into small-to-mid-sized multifamily investing.

My suggestions for anyone reading this….Before signing a rehab contract: get at least 3 bids, check that each includes detailed line items (materials + labor + markup).Set up the draw schedule: only release payment after verifying completed milestone.Have a worst-case scenario worked out: what if rehab takes 2× time, what if lease-up is slower, what if refinance drops?

I could assign the contract for a quick $15K - $20K and am out. 

Do you have a contract for the money you gave him?