You sound like you a no-nonsense, feet-solidly-on-the ground as opposed to the occassional "la-la, pie in the sky type, I want to get rich in RE but have no solid vision and poor credit to boot" newbie.

Seems like a no brainer if you can get it to work out.Good luck, and keep us posted on things.

I'll take that as a "no".

Moreover, this is a no-money down deal!

just think, if we're not making anything it would be a no brainer to adopt kee-YO-toe and we could once again be a beacon of light to the rest of the world as the greenest country evah.

With the market the way it’s been for a while and many people being upside down on properties and waiting until too late to get out.....how is the best way to address a “no deal” situation with a client (such as this one appears)?

I know that's a no-brainer, but its what the ENTIRE concept of wholesaling is based on.Price overcomes ALL objections.But the markets slow and the mortgage industry is falling apart, well price overcomes ALL objections.

Holding an asset that produces a return of X when you can earn 2x even after the added transaction costs and taxes is almost a no brainer.

Post or hand out your rules and credit requirements at every showing, making it clear you are a no-nonsense landlord.

I don't like to disclose specific numbers for my private investing, but rest assured that I made many tens of thousands of dollars over the two years -- much more equity than if I had purchased the property outright from the start.Also, I did not put up any option money up front, so this was in essence a no money down deal.