I am not a sophisticated investor and am interested in learning more about the workflows that other people have for finding potential investments.

I get it with that other thread.. simple non sophisticated seller did not know better slimy wholesaler sneaks that in.. just keeps giving those that wholesale like this the rep they deserve which is slimballs  LOL

All this over-sophistication is just off the hook flipping nuts. 

So, one of the very real and sophisticated scams we should all be aware of, and I am sure most are, are the wire transfer scams.

They would all be considered sophisticated investors. 

You are not a sophisticated investor and  the numbers simply do not work and when a new roof, or other major expense pops up, and it will, you will regret having not sold.

It takes a bit more of a sophisticated approach, but it can still be done.Hope that helps!!

Beforehand it had never crossed my mind because, well, we were "sophisticated" investors.Since then we've never looked back. 

Usually the people who are active in CT are the ones who are active in southern RI such as Westerly.4 - Yes, my advice is, if you are a beginner, avoid buying at foreclosure auctions, the price will get bid up these days by experienced investors, and beginners lack the sophistication to understand the risks they're taking.

The sophistication drastically drops off when you communicate on the larger sites.