Had just closed on a $50k wholesale deal (split 50/50 with my Brother) and had sellers and buyers vying for my attention for more deals.

@Vy @Vy MaiundefinedInstead of FSBO I use flat fee listing service.www.omegalistings.com cost $199 for 6 months, this gets you into the MLS.

What you posted has some glaring issues, to wit clear a contradiction on prepayment: Borrower shall have the right to prepay all ([[[[but not a portion]]]]) of the indebtedness evidenced by this Note at any time,andThe principal amount of this Note may be prepaid, in whole [[[[or in part,]]]] at any time without penalty.Early payments and prepayment penalties are a HUGE part of where folks in the HML borrowing/lending space push back and forth, vying for advantage.

The bank, through a real estate dealer, is asking 85,000, but the real estate dealer says that there are multiple investors vying for the same thing and I should go as high as I can, and as high as I think it is worth it to me to get the house, as the banks look for the highest offer and fast closing, and there are multiple cash offers.Here's my dilemma.

*************************************************************************************NYC Landlords Slash Prices On Third Of Rentals As Newyorkers Flee"More than one-third of New York rentals were discounted during the second quarter as demand continues to slump thanks to the economic effects of the COVID-19 pandemic - including the flood of workers telecommuting instead of vying for limited rental space downtown."

I don’t think they are vying for cash flow, I personally believe the DFW market is going to go up for few more years at least by 5-6% average.

I'm sure it's competitive on the MLS with many other investor vying for the cash buyers as much as I am or more.  

Yes please let us know is wholesale business still possible with a down real estate economy or recession coming in near future or those times hold for mainly vying rental property

As far as where to start when you are here, that's dependent on what kind of investment property you are looking for, what your budget is, and what your goals are.My advice to anyone investing is to first determine what kind of REI property you are looking for, talk to the locals, get on automated searches, tour or have a real estate expert tour for you interesting properties, get your financing in order (Always consider getting a pre-approval) and get ready to "Pounce" once you see a property you want as it's still a Seller's market and many are vying for the same property as you.

From the perspective north of the 49th, where 3 - 5yr mortgage terms are the norm, having a mortgage come due in 3-years is really no big deal.If you are paying all your bills and running the business well, then 8-12 months out from the end of term, start shopping your mortgage around to both your existing and other lenders.If you prevent them with a well run, low risk operation to underwrite, you should have no problem placing a mortgage and will likely have lenders vying for the business.