You don't say where you are, but thats several weeks under the best of circumstances, and several months in some states.

These are circumstances where wholesalers can be very useful.

Certainly looks like they're much better off than someone in their circumstances in LA, LV, or FL.

The article was originally intended to draw attention to some pitfalls not provide solutions in all circumstances.

I'm just getting started, but I think that the cash flow, buy and hold approach best fits my circumstances.

That 1% rule is a sure way to lose your shorts in the best of circumstances.

So I've been looking at SFR and multi's in my area and I've been coming to the conclusion that multi's may be the better option (under certain circumstances) in my area.My current property I've found is a 4 unit with est gross rents of 2450-2650 per mo. purchase price of 85k, repair est of 20k, with arv of 215-225k.

There is a myriad of circumstances you could run into, bad as well as good.

Under NO circumstance, would I start any negotiations with the bank before having a signed purchase agreement with the seller, and an agreement that the agent ad me to the listing agreement.

Given the current circumstances, how would you go after this property?