Not too long ago there was a newbie wholesaler here on Bigger Pockets who had found his first deal and stood to make a $25,000 wholesale fee but the seller was insisting on a $2,000 earnest money deposit and this kid didnt have it.

A couple of questions:Firstly, House Flipping has definitely stood out to me as the strategy that I want to learn about and get into, however, starting out, I want to buy a house that I can live in (potentially multi-family to take the house hacking approach?).

A couple of questions:Firstly, House Flipping has definitely stood out to me as the strategy that I want to learn about and get into, however, starting out, I want to buy a house that I can live in.

I’ve read about several strategies many investors have taken to buy a home and from those strategies, the one that stood out to me the most was one where you use other people’s money to pay it off.

@Nicole Heasley I am not sure where you get your info, I have never stood at any podium or any meeting  peddling, anything.

Chances are, when whoever buys it tears off the old roof they will discover it has needed a new roof for a long time and the result is now the decking and trusses are rotten and need to be replaced, costing more than the home is worth.

I might not be so perturbed by it had the guy actually crawled around in the attic; he just stood on top of his ladder and there was plenty of room in the crawl space.

On many trusses, the ceiling portion of truss is just 2x4's.

There is nothing better than being able to provide guidance to someone in the same position you once stood!

I used this list to do a targeted drive for dollars and I came across a particular property that stood out to me.