Rich Weese I thought you retired, that's not retirement....LOLI just cashed checks fell into a wierd short sale that I'm not going to profit from and made a couple (okay, maybe more) posts here...now that's retirement!

I am almost complete with what I call my first "intentional" wholesale deal (my first one was me picking up land with one intention and ended up wholesaling after the deal fell through).

I've bought fell through short sale transactions, which closed in as little as 12 days from submittal.

Fell upon this site after research on more lucrative investments.

Problem areas - if neighborhood is so run down it looks like a war zone, drug dealers are openly selling on the streets and prostitution is rampant - perhaps you should look for a better area.

As it turned out the offer fell through.

We're already doing this day in and day out for other people, building homes was something that just fell into place over the years.

Josh I have talked about this many times.On the residential side all these scammers used to exist.Sell the loan off so they didn't care and closed up shop when it fell apart.Now that residential is under huge government regs they have all moved to the commercial side.All of these people advertising many are just helpless point and fee takers getting sucked up into the scam.Many of these so called lenders are not lenders at all but mills running due diligence fees,insurance fees,deposit fees etc. and then say they can't fund later on to deny the deal.I have found direct lenders are very hard to find and I find one of those for every 20 scammers.As a buyer you do not pay upfront fees except for appraisal,survey etc.You can talk to these scammers on the phone and can tell by what they say they are not a true lender.I do very heavy lifting to make sure my lenders are real and I am not dealing with a middle man to protect my clients buying properties through me.Any company claiming to be a lender that will fund anything is more of a conduit (middle man) taking fees.A reputable lender will display recent closings and details of the loan.They will have very detailed rate sheets along with terms and conditions of the program.Any points will only be paid at closing when they perform.Many of these lenders will be highly specialized in a particular asset class and not broad in scope.The interest rates from legit lenders will be very close in percentage rate and LTV's.The difference being in how much money they have to lend and what loan size they specialize in and recourse versus non-recourse etc.Many lenders can promise but very few can deliver on the rates promised and close it.

Start evicting those that do not pay, drug dealers, prostitutes, loud musicians, etc.

I do indeed hate the look of the spaced fences and spent many months researching the board on board style of fence and fell in love with it.