I joined this forum 12 years ago and I had $0 to my name then. I'm now 12 years older and wiser and I have got the funds to invest in this industry in a level that I wanted to. My plan right now is to invest and buy a few $5K and $10K and a couple of $20K domains - increase their value by developing them and sell 12 to 48 months later. It's a very simple framework as I'm a simple human being Though I have gained the funds to invest, I haven't properly gained the knowledge needed to protect myself in a new industry as I was donating all of my time to earn the money to invest!!! I was hoping experience will come in as it slowly does and that I will learn as I go. I do have a question from a beginner's perspective. What are the steps I need to take as a new buyer when it comes to transferring the domain to my name? Is it pretty straight forward - the seller initiates transfer through their registrar - I get a confirmation of some sort - done - is that pretty much it? You have all been here collecting more experience. Anything anyone care to share or give me some pointers as to pit falls that I need to watch out for?