We were lucky, besides the tax lien the house was free & clear so we had instant equity!!

So initially I would purchase the property and instant cash flow Yay!

Instant winner.

. $500,000So in this scenario, the property purchased has some instant equity.

The only thing a new guy sees is instant EASY cash starting with no money and often no education.

In the days before the internet  & instant credit checks and background info at your finger tips, a few bad apples were able to fly under the radar, not so much anymore, thank God!    

After after the renovation of the foreclosure (and a new school walking distances from the house) and getting the quick sale purchase up to date we got instant equity, not to mention the rising prices of homes in the area.

How can i use the 1 year advance rent payments that create instant cash to my advantage?

I had about 50k of instant equity, and am happy to say that it has almost doubled in value in the five years since I bought it.

I always told new agents comign to work for me you need to save up 1 years of livings expenses... it will take you that long to get your income coming in a consistent way.. or you need to keep your job and do this part time until you grow into it.those that quite thinking instant success in what is a VERY VERY tough business usually went broke and were out of the game in a matter of months.Think about it like your starting any other kind of small business.. you need capital in the bank you need capital to run the business and you need capital to live on while you are priming the pump.You also need exceptional sales skills and should spend money learning how to sell and close.you need to understand this is 24/7 ... if your going to beat your competition to the deals.And remember there are simply WAY more wholesalers and wanna bee wholesalers than there are deals in MOST markets..