I highly recommend Millionaire Real Estate Investor by Gary Keller.

Gary's reply is especially helpful!

(WDRB Fox 41) -- Police say a Louisville man was leasing out homes he didn't even own -- and his "tenants" were completely in the dark.29-year-old Gary Hammond was arrested Monday afternoon near the intersection of Cannons Ln. and Dayton Ave.Police say that on Feb. 24, Hammond pretended to be the owner of a foreclosed home in the 2600 block of Patio Ct., west of Manslick Rd.

, start out reading Dan Kennedy, Gary Halbert, and Bill Glazer.

Gary, I would be more inclined to welcome you to BP if I were able to understand your post better.

"The fact of the matter is, we have much higher rates of employment today than we did in 1954, but our level of taxation is considerably higher," said Gary Burtless, a labor economist at the Brookings Institution.

Gary, are you saying that you have to disclose to the bank that you are flipping the property the same day?

Hello Gary,I asked same question some years ago, result see here.

Stella I think the best books on Real Estate investing are The Milionaire Real Estate Investor by Gary Keller.

Gary,The truth is many wholesalers don't have a dime to their name.They read some get rich quick crap and try to lock up properties for 10.If I am a listing broker there is no way I would allow the seller to go through with such a deal.I would insert multiple clauses if they insisted to a right to continued marketing and a termination clause by the seller at any time in the contract.After all if YOU the buyer have no risk then the SELLER should have no risk either.If you put up a bunch of money that you stand to lose you will hustle like a SOB to FIND a buyer that will perform.If the seller tries to pull the listing early or withdraw there usually is a protection period built in for the broker unless the seller re-lists the property with someone else.Every seller will go through a sales cycle.Sometimes these last more than a year.The further desperate they get the more they will drop on price and be open to creative financing to eliminate their problem.Banks are sellers too and operate this way.I see many bank foreclosures overpriced.Over time they reduce to sell.If you are a wholesaler finding listings on the MLS is NOT the way to go.As a listing broker I would simply tell my client.Rather than selling that low let's keep reducing the price by xx percent each week until we get a contract.This way you will know the highest price the market will bare and not leave any money on the table.The problem is often listing brokers wait too late for a price reduction and it is still overpriced.When a seller reduces they have to be in the bottom 50% of for sale pricing to get a contract unless they have an unbelievable property which isn't the case 99 percent of the time.