They certainly didn't loose money booking the loan.

That way you would get the effect you want (loosing the dude-n-dollas) yet not impose any more requirements on forum participation.

Perhaps it would be more honest to come to this realization and instead enjoy an extended weekend in Vegas burning the money on loose women, high stakes poker and your mind altering substance of choice.

2 percent rule starts to loose relevancy once you start exceeding gross rents of around 500 to 500 in my area and in many others from what I have gathered on BP.

Anthony,what you will save in great rates, you will loose in paying more for the property.

I will try to find a probate/real estate attorney to see how we can structure it without much risk of loosing the money I lend to the heirs.

With any investment, you will loose some of your freedom and create some issues that need to be attended to, it is not retirement unless you enjoy the business.Just my 2 cents.

Force the appraisal by way of Lender Commitment time frames and on properties you are worried about ride the crap out of it to get it done and in so you loose the least amount of time possible.Some ways to get ideas of how to have better contracts, take a look at the contracts from the foreclosed REO in your area.

He is 8 years into the business and does very well.I have done fairly well in my first 2 years and have completed deals in excess of $2,500,000.

:I'm just getting involved in the market and don't agree with the typical terms, but in Orlando here is the standard:1) $2,000 deposit2) Non-refundable3) No inspection periodSo, as you can see, you really have to do your due diligence and know your stuff when dealing with wholesalers.2k is excessive.