There is a section of novice that entered that without buying a rate cap. 

We had another one under contract with potential ARV of $550k and the numbers supported us being at 70% of ARV including rehab, but we had to let that one go for lack of funding, as all our capital was tied up in our existing rehab and due to our novice status the hard money lenders weren't yet comfortable with us without a big chunk of proof of funds, even when the ARV and rehab numbers worked out.

I'm afraid novice buyers are acting like they did 2008. 

Unfortunately many novice investors are not always aware of the fact which can lead them to incorporate bad processes into their investing strategies.  

Were averaging 20.4% ROI, with so much novice competition out of the way it's feeling almost too easy some days. 

It's not hard to create a click funnel these days for novice real estate investors because there are SO many people willing to pay to try to jump the line.

My partner was a novice when we got started but has picked up a good feel over time from actually seeing the renovations costs from completed projects.

If a landlord wants to get rid of a problem tenant they will give a great reference.This is somewhat confusing for novice landlords.

My point is be VERY CAREFUL of wholesalers that take advantage of novice or out of state buyers.

I’ve literally built my business on educating and working with first time in novice investors.