My question to all this being what are some of the potential pitfalls and things I should be watching out for in dealing with Wholesalers?

For all you BP, creative financing experts out there;

Have you ever bought a property via Land Contract/Installment Sale AND took it Subject-To the existing mortgage?

This seems to be a great strategy (if it can be ...

Hello everybody i finally managed to gather enough capital to finally venture into some texas tax deed deals and was wondering what types of pit falls anyone has run into.

It's possible and it does have advantages, but there are also pitfalls.

It really helped us take actionable steps during the training and throughout the year with weekly phone calls from a coach who warned us against many pitfalls.

@Basit SiddiqiTHANKS for the information...I have several investors that are not "so keen" or "understanding" of the C-Corp idea...They are looking to invest as individuals and I want to make sure the understand the pitfalls of that idea tax wise...

One of the biggest potential pitfalls in the business- the evil proforma. 

Though it has pitfalls; but that is the most ideal in times like this - except for service industries that require physical works like construction, etc.

While I won't be taking this on full time and not receiving a steady paycheck from it isn't an issue, I'm wondering if anyone has done this, or if I can get some ideas on the upside/pitfalls of doing something like this.

Thanks for the insight, hadn't even thought of that as a potential pitfall.