Property auctions are filled with sharks that can smell blood of a newbie in the water.The first few times you go, do not bring cash or any other way to purchase a property. 

A Hold Harmless and Indemnification agreement is incorporated in the sale contract and that may only be as good as the seller's ability to pay damages, can't get blood out of a rock you know, so you could be stuck with future claims as well as illegal activities that might constitute fines against the company.

I thanked her for her time and hung up.She had my blood boiling to say the least.So do I continue to file with the county as non-regulated or is there really need to get a RE attorney in the mix?

@James Denon If you buy a property with tenants, you have 90 days to fix any lead issues or you become liable if anyone has high blood lead levels.

It seems as if you are blood related you should be good!

Since the relationship is blood related, the  25% down payment for a non-occupying co-borrower wouldn't be required.  

Jeff your correct but like you said we only need a few properties to be ok.The thing is news like this can be used as a negotiating tool with potential sellers, most people will read this article and not delve as deeply into it as you did.I mean think about it warren buffet doesn't buy when the market is hot he buys when blood's in the streets or so everyone is told to believe.A board like this were we can trade information about asset classes that are strong and will remain strong can be a great wealth builder and i'm in this game to win.Also you make the point that if something meets your criteria and you didn't bend over backwards to make it fit will still be a deal.I think there are very good information on this board about how to get a properties true value and work off those numbers so i doubt anyone on this board should get burned if they ask questions and don't go against their better judgement.

Your investment of blood keeps our market secure.

Family is great because they give us a chance but there can be bad blood for years over money misunderstandings.  

Hey Everyone,I am a newbie wholesaler (only one deal under my belt) and I have a lead on an $800K (wholesale price) property. How do I come up with a down payment? Any creative strategies to help me get this under con...