He doesn't want to give the money back so my GC ends up keeping the materials and eating the 3500 dollar loss.

@Kevin Keith BeckI agree that many investors have an unhealthy approach to dealing with GC's.

I guess I can't have my cake and eat it, too!

It's only a stepping stone to break free.While you are slaving, eat ramen, roommate up or live in trailer, avoid Starbucks and tuck every dollar you can squeeze out into a bank account. need 20% down and money for materials. so for 80K home (trashed), you will want 35K banked to get started, just a rough idea.Then, get pre-approved.

The Monthly HOA Fee typically eats up much of the Cash Flow making Town Homes / Condos an unprofitable choice for Investment RE.

First off, I'm completely new to wholesaling and for the past 2 weeks I've been eating and sleeping real estate from reading the education section of BP, listening to podcast, reading books, and watching vlogs.

First off, I'm completely new to wholesaling and for the past 2 weeks I've been eating and sleeping real estate from reading the education section of BP, listening to podcast, reading books, and watching vlogs.

But an unhealthy market may very well tie the investor's hands.Expensive lesson learned!

My parents in their older age require yearly cash flow, while I, as a young whippersnapper, could go on eating ramen all year if it means a big IRR rip when my condo project finishes next year.

If the pet cat or dog kills the poisoned rodent and eats it; it can make the pet sick or death.