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I reread my first message and I guess it wasn't much of a question more like a flat cry for help. My idea is to get started in real estate investing. Of this subject I know nothing. There is a house across the street from the girlfriends place. That house has been up for sale since last spring. Thinking of doing a no money down Carleton Sheets deal. Here's the idea. Offer to take over the sellers mortgage. Take it over "subject to" (whatever that is) with an agreement for first payment in 60 days. The seller deeds the property over to me. I rent out the property for the cost of the mortgage and 3-5000.00 down plus first month rent and with an option to buy the rent goes up another 2-300.00 per month. I place an ad in the newspapers/print a hundred business cards and wait for the phone calls. Of this idea I can only see about 30 holes and risks like limiting myself to the newspaper (in Denver there is only one and it's huge) is asking a lot. I cant afford to make the mortgage myself if I didn't find anyone. etc. I think I will need the protection of incorporation to keep me from getting pounded. Looking for other holes I dont even know of.
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