(Michael P - Nice wit; well done!)

The reason most people start their real estate investing careers in the wholesale arena is because they dont have the money to start wit buy and holds or flips.

@Jay Hinrichs do you think the fact that people can hop on a computer and go to zillow or the like and see their house is worth xyz has anything to do w/ it?

IN GA I witnessed cronyism   as well.The more bidders the less likely the good ole boy network is in place...

BRRR) and done consistently over time, this can be fairly straightforward and extremely effective as I've witnessed with others and as I am doing myself.

@Josh Calcanis @Antoine MartelWith regards to your question, I'd love to hear someone chime in with an expert opinion (e.g. an agent who witnessed this in their home market).  

Originally posted by Billy Gardner: @Will Barnard I understand that you have witnessed a bad deal and that they underestimated repairs and had the wrong values but still the statement that you made that you agreed with bryan hancock that you should not trust any wholesaler but the proven ones I am a new wholesaler and how would any investor know rather I provide good deals or not without giving me a chance I mean come on people this post is really discouraging for new wholesalers just because someone was notfied of a bad deal and wasted their time we have nothing to do with that nor are in your market so how would you know if it is some scam or not @Bryan Hancock @Nemi W. also @nemi W.

My family has multiple personal cabins in the area and has witnessed this change over the last few years and how drastically the area is changing. 

If you are bored in the sea you can hiking in the tropical forest, only 20 minutes away, at night witnessing lava flowing from Mauna Loa eruption.

As a former syndicator and 1982 National President of the Real Estate Securities & Syndication Institute I have personally witnessed to many horror stories of well meaning folks trying to raise money from investors without good legal advice.Be sure to contact a good securities attorney in your state to inquire about small capital raising exemptions which are not too difficult to comply with.I recently got a private letter ruling from my state allowing me to bring in one limited investor without having to file anything with the state.