I am still a full time Title Examiner at a major player here in Michigan.

Originally posted by Alan Brymer:Here are my observations: 1) You have to get a bigger discount, whether you're wholesaling or not 2) There appear to be fewer buyers to wholesale to now who have cash, so work harder at building a list of real players 3) Private lenders are a little more wary of loaning on real estate, but you can just show them in more detail how you buy at big discounts and they understand.

now i'm not saying every broker or seller will ask you these questions, but i am saying that 85% of the professional commercial brokers or sellers will. they do this to separate the tire-kickers from the players is what they say.so for all the people on here that has experienced this when getting started, how were you able to either sidestep these questions or answer them in a creative way that made the broker or seller feel comfortable in going forward and disclosing certain info about the property.

Here is the rub, which is another unlawful, unethical, policy followed by lenders, (where's that *** **** watchdog..toothless, blind in one eye, sleeping under the porch but at least the somnabich- could come out and growl, just once in awhile) In California the lenders have until 4 years from the date you made your last payment to file suit and sue you for their losses in these cases according to Mortgage resolution Trust, one of the big players out here.

Chris, Like Mike said, which was my point, you need to get to know the players in your area.

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It's a good starting point - find out who the real key players are in your area.

Especially with bank REO properties, I make very large EMD's to show them I am a "real player" and not some joker trying to get ultra creative and forge a POF.

Depending on the ad, you will know who the players in your area are immediately and what real families are looking for a new home, what rehabbers are shopping for new rentals and shortly afterward, who's full of it.

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