I think Short Sales might be the current wave to ride.

I think my insurance company is taking me for a ride..

I like to ride by the transfer sales in the Sunday newspaper and check out the square footage and appreciation since the last sale.

At the peak of the bubble, these townhomes were going for maybe $220k, so it's already come down $30-40k.With that in mind, I was thinking of selling our place and maybe renting for a little while and ride out further downward price movement, and eventually find a single family home at a great price for our primary residence, which is what we've been wanting to do for a while (maybe an REO or pre-foreclosure).I was thinking that since I have a ton of equity in my place, I can be pretty flexible.

It is just a 60 minute ferry ride west of Seattle in Kitsap County.

The old "buy low sell high"...Get in right in the first place, make money on the buy, make money when you hold, and make money when you sell… Ride it out...

My business partner and I have found over and over that we continue to run into real estate people who are great with first impressions and get you charged with assuring you that they can do the job for you only to ride off into the sunset and not deliver, much less communicate that they can't do the job.Makes us crazy!

I say that all for 2 reasons: (1) see how you really feel after you have received and paid a mortgage payment again a time or two, that will test your comfort zone without risk. (2) by doing just that alone, odd's are you will be profiting quite a lot, between the new interest being earned and the tax break for the mortgage interest.It's easy to think you will be ok, but when the money is out riding on a deal, I have seen many people come loose at the seams with worry.

All GREAT advice...I will add one HUGE on (just my opinion)...Strategies like wholesaling is a "strategy".. nothing more nothing less.If you're looking to base your business on just "strategies" then you're going to have a ruff ride....If you're looking to wholesale as a business... then look at wholesaling as a business.

Maybe too much is riding on getting this job..... maybe the guy is stressed out.