This website summarizes prety well.

So to summarize, you get a loan, signing in your name with your guarantee, and either simultaneously or after the close, you may have title or an attorney file docs to transfer the property into an entity in which you own.

To summarize, we entered into a contract with Humberto Moya aka Gino Moya aka Beto Moya of Creative Development Network, Inc.

My broker also creates a letter to the borrower that summarizes the terms and conditions into more readable English.

I think you might be the only person that I've heard in the past 6 months summarize our current crisis so dismissively.I am not criticizing, I'm in awe.

It's hard to summarize in a forum thread, but you know it when you see it.And yes, the home-owner needs to be serious about getting the home sold.Dave

There are numerous posts here that talk about the details of the math for both flipping and renting, so I'll only briefly summarize here.

So, to summarize, under this structure the investor would sell and exchange into new rental property, rent for 12 to 18 months, convert it to his/her primary residence, live in it for at least 24 months, and once he/she has owned it for a total of five (5) years he/she could sell the property and take advantage of the 121 exclusion.

Don't forget to factor unexpected repair costs, closing/financing costs when buying, closing costs when selling, PITI (Principal, Interest, Taxes, and Insurance) payments while you are fixing up and selling, and realtor and/or advertizing fees to sell it.And now I'll give you by far the NUMBER 1 newbie mistake in real estate investing. . .. . . buying a property too high and TRYING to sell for even higher.So, Alex, to summarize my input:Experience tops book knowledge.

Once the market starts trending upwards you need to find the deals on the ones that still believe the market is going further down, and startgetting ready to liquidate because everything goes in cycles.I know that I kind of went off topic a little with this thread starting as an what was/is your excuse thread, and to summarize on that I believe that if someone still has an excuse why they shouldn't invest, I believe they shouldn't because no matter what the market conditions, their financial status, or anything else they have to have the mindset that they are going to do it and be able to succeed without it everything else is just a moot point.