As a result the contract outlining the agreement is (1) full off contingencies allowing buyers numerous opportunity to “back out” of an agreed to transaction and (2) supported by a relatively small (sometimes VERY small) amount of “earnest money” which is usually refundable given the contract contingencies previously alluded to.The result is (1) a large number of contracts “falling out” prior to closing, (2) a relatively long “due diligence” period of time between initial contact agreement and closing, (3) renegotiation (or attempted renegotiation) of price and terms by the buyer And, or (4) utilization of the contract as an “option” by some “buyers” who have no intention to complete the purchase UNLESS they are able to find someone to pay a higher price.Interestingly, in some countries, such as Argentina, for example, due diligence is performed BEFORE a contract is negotiated.  40% - 50% of the purchase price is due at signing of the initial contract (what we refer to as earnest money); it’s only refundable IF the seller is unable to deliver clear title, and closings happen as quickly as the buyer can come up with the additional funds.  

Numerous resources, meetups, and networks are available to help investors navigate the market, find deals, and connect with potential buyers or renters.We are experiencing economic growth with advancements in various sectors such as technology, manufacturing, and healthcare.

We have made numerous offers following conservative guidelines (BP calculators, 1%, 70% rules, etc) and have not had our offers taken seriously.

Good way to get your feet wet in real estate is wholesaling.

I was 22.... and way too eager to prove myself.I sat in a hotel room in the Old Market, called up numerous banks and realtors, ready to go out there and stake out a piece of something for myself.

I ran the Transunion SmartMove background check with credit report, criminal history, and eviction report and it came back clean, but had to reject two other applicants after their SmartMove scores came back low for low credit scores and numerous pre-eviction filings at local courts.  

So I am new to the site, and thought I would get some feedback regarding the lending process and flips.There are some creative ways and I would love to hear from people on their experiences.I have been involved with numerous flips, but I am looking to now do my own.

Let me know if you'd like for me to get you set up on that.As for meetups, a few other local BP members (Tim Gordon) and I host a free event each month that meets at an active investment property and reviews the pertinent details of the deal and helps t explain numerous facets of REI.

For my first purchase, I wanted to find something with relatively less risk, just to get my feet wet.

I would like to start growing a solid list of people to mail deal information too so I can start getting my feet wet, so to speak!