Many newbies because they here all this buy RE with non of your own money or no money down get sucked into thinking its the norm when in fact it could not be farther from the truth.Wholesaling in areas with a ton of empty and over supplied housing stock is also play ground of the slicksters.. so be careful there.So be cautious real estate is belly to belly and not internet to internet..

In order for this owner to be in a position to do owner financing on a $1,000,000.00 property it means he is a fat cat with allot of experience who will take 10 to 20 new investors just like you and eat you for breakfast. 

We thought these were old rat dropping dating back since the 70s, until we discovered two fat rats that were still alive and well.

One last point, I don't know about in Texas, but in Arizona when someone buys a surplus lines policy, they are giving up their right to participate in the state recovery fund should the insurance company go belly up financially. 

If you have 10 million to invest you can live pretty fat on just talking a partial amount of 700 to 800k each year so it's all relative.

Don't lose the fire in your belly!

if you are a cash buyer, they have a nice fat 10% down payment, they are sitting on !!  

Enough food to fill your belly every day.

Same with the private lenders that hit you on BP  90%of them are frauds.. this area of real estate is all relationship based .. and personal belly to belly transactions.. and there are NO national private lenders first off U need NMLS licesne in 12 states to lend legally.. ( lot of HML don't know this but soon find out when they get in trouble.) there are far and few companies that are TRUE national lenders.. and NO real private lenders that are.. that would require NMLS and licesnes in those states..

She was really looking forward to getting fat checks for about 2 hours of work.