There is an art to the perception of value that is consummate with knowledge and experience and extends beyond the numerical analysis.

I have numerous properties lined up and investigated by my broker and contractor, and if I assume I can finance via a HML at terms quite often described in the BP forums, (70% ARV, 2 year contract, 15% etc.)

I've also read quite a bit about dealing with them here on BP, and while the experiences varies, there were numerous people that said it was a huge hassle.

Family thinks I'm watching a funny movie.

@Karen Margrave thx for the reply, I have had numerous credit card offers in the mail, just like im sure everyone else has I know real estate has a lot to do with leverage and having mortgage debts, when it comes to personal finance I just always believed if you cant pay cash you cant afford it, I guess I just need to change my philosphy in life, and get a credit card, I just never believed in the ripoff adjusting extremely high interest rates most americans get in trouble with.

I have compiled numerous contacts in these industries, whether by word of mouth or hiring them for a job.

I have seen numerous times for sale signs go up on these properties which subsequently disappear 6 months later.

Numerous policies have interfered with the correction started in 2008.

I have seen numerous properties and have narrowed my search down to a single REO that’s been on the market for 250+ days.

I have been a buy and hold guy for numerous years and decided I want to try my hand at wholesaling.