Thinking ahead, since deals that are going under contract now could resell in 2013, do you think the waiver will be extended...think it will depend on who is elected? What are you thoughts, plans?

For $10,000 (AT MOST) you could have all the studs scrubbed, the house fogged with an anti-microbial agent and then dehumidified.

The successful investors are there to talk to other successful investors and to work together to keep the local government in check (keep them from passing local laws that are anti-landlord).

Which is the better option for the interior stairs of my three family?

Which is the better option for the interior stairs of my three family?

Ozzy,as mentioned above look for reputable hard money lenders in your own area and many lenders offer what Norris group does. at the end of the day with any investment you want to be very low risk and high margin.Most people look at real estate as high risk, high reward and I am very anti that, with every investment comes risk, now it all depends how you want to handle that risk, either by pass it(don't even invest into it) or simply minimize it by making sure its very low risk.Real estate investments are NOT passive at all unless you just hand over your money to someone and let them do every thing and make sure they pay you back plus interest and there is recourse, you also want to look into as if you ever needed to liquidate how fast can you be out and how much control can you have over it.

You should definitely outsource the negotiating (not only to reduce the time, but because they should know how to work the loss mitigation dept for a better discount).Also, always try for an anti-deficiency letter for the seller.Personally, I would find an expert who does SS & farm the lead to them for a cut.Jay von Mohr

Having survived the last 5 years I personally have become anti debt so I prefer to create the cash flow now with minimal debt.

How do wholesalers wholesale all these properties because most of the contracts I have seen have an anti-assignment clause in them.

I'm seeing, so far, new folks and I know some older ones are asking about progarms etc.Everyone knows I'm pretty anti-guru, my bark as about some of the claims made and some suggesting some pretty shady stuff.