He was off 20% and he didnt account for 1 year of carrying costs and whatever cost overruns there had to have been.Moral of the story, dont get greedy wholesalers and never over estimate your ARVs to your buyers.

I think it depends on the investor, but in general, you don't hear people talking about "Real Estate Traders" or "RE Speculators"   As the stock market turns nasty in the next 18 months (my prediction) I believe housing will suffer a bit.  

When lenders/partners get so greedy and demand such a high return, they make it impossible to have a project executed successfully.

Most wholesalers are greedy and want to make $20k or $30k for doing very little work.

I forgot to mention the first thing I did was to jump in the binary options but I realized that being a trader is a job with super flexible schedule, not an investment.

Greedy when others are fearful!

Some wholesalers will try to make a gigantic spread on a wholesale, and by being greedy, ruin any chance of assigning the deal.

They now think they we are being greedy and may not accept our latest counter-offer.Here is my point, I am finding that buyers and tenants are getting more demanding while they are becoming less in quality.

Great example of how "NOT TO BE GREEDY"!!!!!

They liked it in 2006, and they are really enjoying it today by picking up a few more properties.The folks who are crushed are the greedy, the get rich quick crowd, and the people that did little to no research.