So your first step is to get pre-approved for a loan.

If they don't pay within 21 days, then you can take further steps.

So your first step is to get pre-approved for a loan.

I'd like to try to get this and understand thoroughly also J Scott what about purchasing the property in the trust or LLC does the seller still see how much I'm making when the end buyer steps in after I sell him my interest.

There are lots of other ways but we've had a lot of success with this method.

In cases where the investor wanted to sell within 180 days of purchase (again, that time-frame is the interpretation of most underwriters), and where the sale price exceeds the previous purchase price by more than 20%, the lender will be required to take extra steps to ensure the sale is legitimate.

(but with my level of experience, maybe I'm not in a position to know who is motivated or not) My steps - I went to Vistaprint and only had a few bucks to spare and sent out 13 "We buy houses" post cards targeting absentee owners who are code violators .

Wholesaling: Finding a deal, negotiating it down until you can make you're cut and are able to make the numbers work for an investor, who will flip or buy and hold.flipping: finding distressed (beat up or dated) properties, buying them cheap, renovating (flipping) them and selling them on the retail market.Short sale: someone who is upside down in their mortgage and is very motivated to sell, requires banks approval on your offer.There are many aspects of investing, some people on here invest in mortgages (buying them and being the bank), hard money loans (lending money to people who don't qualify for whatever reason at a bank), buying tax liens, buy foreclosures at the courthouse steps.

It's a good step but I am pretty confused and hoping for some guidance.

Your best best is to get a copy of the lease (which should be a basic step in due diligence) and contact an attorney who specializes in tenant evictions in the area that the property is located so that he can review and advise you on the lease.