It was a 2 bed 1 bath single story on a slab with 2 acres of land, one of those skinny and long lots. the bidding was slow because this was at the end of the auction and many people had left already.

Netted $45,000.Just purchased (controlled with a skinny contract of sale) from the sister her interest in a 77 acre property.Her brother was unreasonable and nasty to her, so she sold me her interest subject to me selling it.I now am a partner with a nasty unreasonable bully who lives in Tennessee, I am in Baltimore and the 77 acre camp site and tavern is in Missouri.  

Also, lenders won't be making much money on a smaller loan, and the risk is greater, which is why it's not in their best interest to fund skinny deals.  

Deals that are very skinny and far and few in between.I am NOT bashing wholesalers, I would just like to know when I have a good one, how to find a good one, or need to move on.

@Kenneth Goldman Way too skinny, not a deal worth the risk

you take over their mortgage on an informal basis.control the building with a skinny contract offer subject to a private or public treatise (public auction), assign your contract for a profit before you have to go to settlementseller refinances, keeps the cash and you joint venture with seller to share the profits after you do your thing to the building (win-win for all)package your deal and present it to relative (with money), your dentist, funeral director, doctor or local bookie - get your private financing - heck with conventional lenders - most are predators anyhowoffer a "hybrid" contract - that is where you offer one price but give seller a percentage of your net profit when building is sold.ask for owner financing that is secured by other properties you own - this way you have anpotential free and clear property that you can pull cash from - and keepoffer the seller what they may want, a car, truck or other material items that are easy to finance (same as owner financing, but easier)Can you think of other ways to accomplish a profitable situation when buying - we'd love to hear themGood luck ---- Charles (he loves votes)

Happy to provide the skinny if you DM.

how is the investor getting fat.. 10% is mediocre return for private investor given the risk of a skinny deal like that.

Use a skinny agreement and all the clauses that will help you control the transaction.Understand every word and clause in your offer. 

@Derrick E.6’1 with a skinny frame haha.