And compared to Texas a 200k home can have higher tax's than a 400k in CA. so that does impact buying ability.CA home buyers by and large spend much more of their income on their house and less on cars and other non essential items than folks in any other part of the country.When you run DTI and people have 100k worth of cars a jet ski motor home etc. and living in a 150k home in Texas.

The better informed you are the better skills you will develop the more confidence you'll have to command any presentation without resorting to hype marketing or some smooth talking spiel.My last "wholesale" deal was very simple.

@William White funny enough you said, another homeowner I scared with a "low ball offer" just called me saying I am his last resort and he needs to sell.

I found the seller through my postcard marketing which originally is aimed at wholesaling, buy and hold myself, or last resort list as agent.

My fantasy deals for residual income purposes would be:a five star hotel having 120+ rooms with all of the lovely amenities, on-site restaurant... doesn't matter which U.S. housing market so long as its a thriving one.Condominium building with 20-30 units in Philadelphia, PaAn extravagant resort in the Carribeans, maybe my own island.

Hello,My name is Thom and I currently live and work in the Palm Springs area doing marketing at a large resort.

They are expensive and best avoided if possible.When I started I used some FHA financing and while it was still expensive, it wasn't nearly as expensive as it is today... and you were able to appraise out of your PMI which is no longer the case.So - I wouldn't write it off altogether if the right deal came along and you were planning an exit... but it's not ideal.An angle might be to get the 'right deal' under contract assuming FHA financing as the last resort / contingency in your contract while you pursue some of the more creative financing options on the site here.

What is different here, is they cannot get at your personal finances, primary residence, Jet Ski, Snowmobile etc...

If you live in the Salt Lake City area and want to mountain bike, hike, ski, offroad, talk real estate, etc hit me up!

Better yet, call your competition to learn what you have to sell that they might not (such as laundry hookups, large yard, whatever) and play on that the next time somebody raises a fuss about the electric heat.I would consider lower rent as a very last resort.