Buying Foreclosures, REOs. Short Sales, FSBO, MLS and More

contracts

I need help! Please! I have a fsbo person who called me off one of my bandit signs and I want to know which contract to use so I can buy the property from her and do a double close with one of my buyers.
I found 2 contracts on this site, the first one is the agreement to purchase and the second one is the purchase and sale contract.
If you would, can someone tell me if there is a difference between these two contracts. and is there a simple way to fill them out. There seems to be quite a few items to fill in that I'm sure I don't understand.
Please help,
thank you Dg fam.
Angel.

Wholesaling Homes on MLS

I have a question. I am very new to real estate investing, and I was wondering what the best strategy for wholesaling homes on the mls is? I know it requires a larger deposit in order to lock it up, and frankly more money than I have to play with. Is it legal to look up the homeowners on PVA and make offers directly and lock it up going around the realtor? sorry if this is a amateur question but I'd like some advice.

Thanks!

Cant find comps?

I have a question. I have a house that I am looking at but my agent or I cant find any comps for the house. He did say that the house should be worth what they are asking for. So should I use the asking price as my base line to start from?

P.s. has anyone used the site findcompsnow.com? Does anyone know how reliable it is?

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Pre-foreclosures in Tehachapi, CA (Kern County)

I am going through a divorce and need a place to live ASAP. I would rather buy than rent. I do not have the down payment for a home. Does anyone know of a legitimate company that has a list of pre-foreclosure homes or rent to own homes? I do not have the time to do the research myself since i need to find a place right away. I contacted a company, but they had many complaints about properties listed were not in fact in pre-foreclosure, **** addresses, etc. Thank you.

Remote Wholesaling

For those of you wholesaling outside of your market, here is a web site that will give you a quick glance of any areas you are considering
http://www.areavibes.com/

You can use it in conjunction with
http://www.city-data.com/

Technical fee?

Hello Everyone,
I have just submitted an offer on a bank-owned property. My agent has contacted me to say that they have sent a request for credit card details to pay a $150 technical fee..
Has anyone else come across this before?

Capital gains on first home

Hi all,

Would love your feedback and advice.

The background:
* I bought a home back in nov 2011 for 280k with a FHA loan for ~265k.

* The home's appreciation and value is now worth over 400k but I do not wish to sell anytime soon.

* I am generating positive rental income on the home.

The question is this,

My thought is to buy another home since I've saved up enough again and could potentially buy a 1 family home BUT...

since I am qualified for tax free on capital gains if I sell the home (if I've lived in it for more than 2 yrs) up to 250k if I am single or 500k if I am married ONLY if I live in it...

Should I get another home and disqualify myself for a tax break on the capital gains for the first home?

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