But it seems simple to me... as a wholesaler, if I'm being greedy and trying to squeeze too much profit out of my deals, I won't survive in this business.

Unfortunately these "gurus" have become mere GREEDY!

A 'dealer' (aka flipper) would be similar to a 'day trader' in the stock market, while an 'investor' buys and holds for the long term.- If you are considered a 'dealer' you may need a real estate brokers license.- Check with a tax adviser for more details on taxes and laws regarding career flipping.

I do all the time, set the option price at new FHA appraisal price.If there is a "greedy" seller, I don't work with him/her.

Not trying to be greedy, but with one of two bread-winners out of picture I assume a much greater risk of financial injury than if both stayed on the lease.

Don't get Greedy- For the first tenants after newly buying a unit.

I have given a $40 Trader Joes card at Christmas before.

I'd love to hear more about how you made your money in the stock market IE. what did you primarily invest in, day trader?

Heres the deal. I got a 3 family that already has condo docs in place. All 3 units are immaculate! All the buyer has to do is close and relist right away. No rehab! The multi is going for 649,000.00 to him. He will...

Another time, when I worked at Sun Microsystems, I remember a Chinese Ph'd type printing reems of financial data on the company printer in order to become a successful day trader instead of doing his job.