Plan: It sounds basic, yet so few real estate professionals have a real, meaningful plan.

You get meaningful data on your conversions a lot more quickly.

A second item is that we tend to mine the easily recoverable chuncks first, thus leaving the hard to extract, low grade ores for our future.

The reality is almost all of these programs know the vast audience has a few k sitting around but MOST of them do not have enough cash to get started with their first deal.This is where all this "no money down" trash and the like comes from.They are simply selling a pipe dream to extract the little money they have."

I post when I know I can contribute something that is I know if factual and meaningful.

Invest in owning businesses.There are businesses right now I can purchase for 60,000 that make 57,000 a year net after expenses.Let the people pay for build out,infrastructure,grow it a little and get burnt out or want to retire and sell for cheap.Then come in and buy for cheap and increase sales for more profit from the current position.Of course I have business experience so I know systems to put in place to turn a business around or extract more profits and increase sales.

Correlation doesn't always define an interesting or meaningful relationship.This is why I don't disagree that there is a correlation between taxes and unemployment, but I also don't consider it very interesting or meaningful without more data (just like the ice cream and swimming pools).Now , what I DID SAY is that there isn't any evidence (at least not presented here) that indicates a CAUSATIVE RELATIONSHIP between the two.For anyone who doesn't know the difference between correlation and causation, I can see why what I'm saying is going right over their heads.

If you want it to be a meaningful source of information for people to find you organically over the internet - that's a massive project.

Great point, James.That said, I wish someone (or some people) would help us to perhaps compile some guides within specific topics.A) It would be very helpful, and could become a stickeyB) The person/people who did it would get tons of love from me and the rest of the community, as well as some credibliity.C) See BD) I think these would be incredibly valuable and could drive many new members and potential partners to the site.Think what Steve Babiak does, but on a larger scale and broken down in a meaningful way (not that Steve doesn't do it in a meaningful way)Thoughts?

In terms of drops I am not talking every 30 to 60 days.I am talking every 3 to 4 days or 1 week max.If this was a property needing a bunch of work I wouldn't overprice it when listing it.If the seller wasn't realistic I wouldn't list the property.I have over a thousand investors in my database built up over the years.It is guaranteed that when I take the listing only when priced right and market it I will not need a wholesaler.I will easily land a direct investor or buyer for purchase.The more people you have in a chain the more complex the deal gets.I like to keep it simple,control it,and close it.The point I was making before is if a property is listed at 80,000 and the investor offer is 40,000 then for the seller simply reduce 1 to 2 times every week until an offer comes in.It doesn't do harm to list it a little high to start out for the first week or two but then you have to reduce ahead of the curve to sell quick.Banks do this all the time.When I list a commercial short sale it is very rare for a bank to take the first offer.If I have it listed at 400,000 and the payoff is 1 million.I might get 5 offers in.One at 380,420,460,540,410 etc.That market value isn't the loan balance but what current sold comps are.By the asset manager reviewing price and terms of each offer and the net the bank sees that the property has had full exposure and here is the top of the value they can extract for the file.The asset manager then shows the supervisor,director etc. to get final approval.While it is true a seller has holding costs they have to weigh the price offered versus what they could get if they hold out a little longer.Banks sell thousands to tens of thousands of properties a year so they know how to extract top dollar for a property.Sometimes you get lucky and land a new asset manager or buy at the right time of the year when banks want to dump the property.