How awful Ryan Dossey, but that is a very good cautionary tale.

OK, BP-Landia, to pass the time waiting to hear back from my lawyers, allow me to share the following tale, edited here for brevity (believe it or not):Duplex in Houston TX, listed at $X68k; after extended negotiations, which purportedly included a new tenant on a year lease at $1400/month and promised repairs, went under contract for $X56.5k w 3d party financing.

Wholesaling is a rough, gritty business don't fall for all the glitz and glamour tales you get from the guru's, YES you can succeed in Wholesaling but if you don't target the right people and prep them for what you're gonna do you'll end up like 99% of all the other wannabes...

I don't do business where these are prevalent, but here's one solution that I have read from someone up in Alaska that had a tale involving bears and appraisers interacting (or something crazy like that)...Collect a little extra in terms of deposit, to refill it.Deliver the unit to the tenant with a full tank; you filling it is a one time expense.Use deposit to fill it back up when they move onto their next home.Put this in the lease. 

Get a Twitter/Facebook/Pinterest/Instagram/Snapchat account and use them frequently.

By having something disputed while applying for a mortgage, by contrast, you just chose to cause your own loan application to be insta-rejected.

People become interested in real estate investing, watch a late night infomercial, come across a few websites, hear tales of success, and are ready to jump in head first.  

hey folks; 1st-time poster here.i began an interest in RE investing about 3 mos ago. in that time, i've watched countless vids, read countless articles & how-to's, been to a few local meetups (REIA & the sort), started to study this amazing site, etc. i'm particularly interested in beginning my ventures in "wholesaling". it seems to be the best fit for my situation currently.one issue i face: i'm pretty-much brand new to social media. i started accts on several SM platforms and spend a good deal of my time trying to learn each particular medium - i know almost nothing about (insta, twit, LI, etc). i've been told repeatedly they're good to have for marketing.another issue: much of the investing information i have gathered thus far comes from people outside of my state (those pesky courts, right?)

If you believe it is false, then perhaps there will be a loss of value.Now Brushy Creek.....if you're in Austin and wan't to raise a family in a fairy tale of a community and want a house for $250k or less, that's the place.

I know personally on the lending side I made one post on BP about finding a broker in Nevada to be my MLO on a few transactions and I either got turned in by someone on BP or the state was monitoring the site as I got a nasty gram from the state of Nevada .. asking me if I had ever brokered a loan and if I did they see I am not licensed and if I did I am in trouble. .I had to give them a  sworn and notorzied statement that I had in fact never brokered a loan in Nevada and I know I need a license and will do so if I intend to work in that state..