Number one tip I can give a new investor.

Get to know your farm market like the back of your hand. You should have the value pegged. That way you will not work on deals that will not make you money. The key is to quickly kill the bad deals to focus on the right ones. Then when you know your market. How will you get paid? Its really boils down to is the buyer getting a conventional mortgage? If a conventional lender detects a hint of an assignment of contract, the deal is dead. Also, many sellers will not execute a contract with someone who has no intention of really buying the house. That is where a simultaneous closing comes in. I have done a lot of these. They work when the deal is good. The assignment of contracts is kind of last phase stuff. They work in an up swinging market with a dwindling inventory. I do not know many places with that set of trends currently. Most New investors end up trying to become a wholesaler due to credit/capital constraints. The natural Evolution of an investor is:

• Landlord
• The rehab and flip
• Whole the leads (quality leads) that you yourself can not close.
• Hard money lender.

The key to making those happen are: SPENDING LESS MONEY THAN YOU MAKE Too many people enter into this game to compensate for lifestyle desires that do not equal their income ability. Until you fix yourself, you will never step up to the next level. In times like this, it’s all old school. The old rules work.