Ignore the upsell, stay in the main room and either see if you can find a way to have your cellphone record audio covertly or take a laptop along and type like mad taking notes....and THAT said, yes - you WILL hear a lot of terms and concepts you've probably never heard before, most of which will not be explained in much detail.

I'm sure there are small details I'm missing but is the overall concept right?

I have been interested in real estate for a long time and Bigger Pockets has pulled me in to really wanting to make this concept a reality. 

I do wish I would've understood that concept when I was younger and before I was married with kids.

I have the concepts and did try once but had to back out without selling it at the very last minute.There is a fantastic book from BP that will help you as well with some concepts and learning ways to invest with little money: http://get.biggerpockets.com/nomoneydown/

I'm very new to the concept of wholesaling but I have a potential candidate for a wholesaling contract here in CT with a woman who needs to sale her house quickly. 

Thanks for the response Edward!

I think I am starting to figure this out due to all the great help here on BP and some great books on SDIRAs too, but just want to make sure as we are some serious talks with a motivated seller about our next purchases.I understand the concept that when I use leverage in the form of a non-recourse loan in a SDIRA that their will be tax due on the percent of profits that are *related to that financing*.

@Edward Rhoads- Its a tough call....

I'm sure my interests will evolve overtime as I gain more knowledge and resources but at the moment I do not have capital so I'm looking for ways to get started with little/no money.I've recently read information from Kent Clothier on wholesaling and have also recently learned about a concept called "overages".