Its not impossible to find deals, just tight right now.

I agree with @Larry Chafe , getting a seller to contribute to "feeding a negative cashflow" but if the seller wants to avoid a short sale, with all the negative connotations of a short sale (hurts your credit - FICO, you have to declare on US Govt employment and loan forms that you went through a foreclosure, the IRS may "claw back" and say you owe money on the short sale, etc), but...It is not impossible.

Scott's book "The Book on Flipping Houses" I'd recommend reading it.As far as finding cash flow properties, I know that's a pretty difficult if not impossible task in NYC.

I was under the assumption that that practice was common, even amongst BP members.If you personally pay for every wholesale lead upfront, wouldn't that make it impossible to continue wholesaling properties on a consistent basis, say if you had 5-10 deals a month?

:)Their rates were very competitive too (example: mid 4% with 2 points).I switched a sizable chunk of my banking/funds over to Union Bank to show I was serious about doing business with them and was more than able to cover the amounts of the loans I would be seeking.However, in the end, I found that it is nearly impossible to get offers accepted in the highly competitive markets I was bidding in if you are trying to buy with financing.

Response is impossible to predict.

Searching my area for the right multi family investment has seemed impossible with the numbers I've been finding, until now... maybe.Found a triplex built in 1895 selling for 330,000.

It is practically impossible for heating pipes to freeze so long as the boiler is firing and the circulator running.

" - Ronald Reagan It's probably impossible to know, but it would be interesting to know if they are getting the nothing down/no credit idea from re gurus or if that is just the way people think.

However, at the moment buying anything at auction for less than 80% of retail value is nearly impossible due to the increased competition.If you do plan on buying at auction, make sure to perform a thorough title search BEFORE bidding on a property.Here are some pertinent websites to visit for Cook County foreclosure auctions:AUCTION LISTINGSIllinois Foreclosure Listing ServiceThe Judicial Sales CorporationKallen Realty ServicesCook County Sheriff's SiteWEBSITES FOR SEARCHING TITLECook County Recorder of DeedsCook County AssessorCook County TreasurerCook County Clerk Delinquent Tax SearchCook County Property Tax PortalCook County Clerk of the Circuit Court SearchChicago Building Code Violation SearchChicago Water DepartmentNFIP Flood Zone SearchIllinois Flood Maps