for me  a handful since early 80s  now in those days I was ONLY buying land that had owner contracts on them. 

These guru's pitch get rick quick with no money down, so people "want to be investors" but fail to start because they had unrealistic expectations from day 1.  

Investors like me are left sifting through overpriced junk instead of finding real opportunities.Pro Tip: The average wholesale contract is for a 30 day "inspection", while the wholesaler looks for a buyer.

We have only 2 criteria for the order we process applications: 1) nearest move in to the date unit is available to be rented 2) order that the completed applications are received.If we had a unit for rent that would be rent ready Jan 15 and have multiple applications, the application processed first is the one who can move in the fewest days after Jan 15.  

Hi Martti,I happen to be someone that lives, eats and breathes in this area of Real Estate investing every day in Detroit MI. 

If you can purchase this home with private money or seller financing and get a $110k loan, then you could do a rate/term refi right after so do a 90 or 120 day note to secure the property and get it in your name, then refi into long term debt using the full appraised value. 

I started working foreclosures in 1978 after a one-day seminar.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

This isn't 2011-2013 days but many people are stuck in that time period STILL.As I finish my licensing study, I'm very grateful I chose this route as opposed to being a one trick pony.Wholesalers did themselves in by their method of operating.  

Those were the days!