To be honest, with all the hedge fund groups buying up residential properties, I don't expect to make a fortune off wholesaling at this time, but it will get me small gains to invest in other strategy's since you need less initial money to wholesale.

In the future, when I need less immediate income and my credit improves, I plan on buying more properties and taking advantage of leverage.

To those who are actively marketing, what marketing works for you.I am getting ready to do a big postcard mailing to vacant code violation properties, and needless to say I'm a bit nervous about the money to be spent since i've never done one.What' works for YOU in this market?

Older properties may need more maintenance, while newer properties need less.

Needless to say the seller is adding on a large premium on top of the land cost for the permits/engineering etc.

My partner and I are picky in that we only select homes that are in decent neighborhoods (C+/B), need less than $4000-5000 in updates to be "renter ready," and project to require little hands-on property management support.  

For a HVAC system that old, replacement is the best option as it will need less maintenance and give you the best services for a long period of time.

So, needless to say I am most interested in the buy-and-hold rental properties avenue of investing.  

(Which I take blame for, since I allowed it for so long) Needless to say I ended the relationship with them and found a better company in May.

Needless to say the conversation ended and he moved onto others as I have seen the posts in BP by this person.