But to be fair to all of the Investing schemes they all suffered in the melt down.. what was a 65% LTV become under water when the asset dropped by 50% or better.What was a great apartment deal with 80% leverage become underwater with 35% vacancy or more ( think Vegas PhX ) and those who owned those lost them to the banks.AS @Don Konipol states its all coming up roses right now...

I have an economics education background and am a bit skeptical but one thing I like about the podcast is that they are actually realistic about how much work it takes and that it's not a get-rich-quick scheme. 

I'm a new investor who sadly fell for one of those guru schemes and paid $28,000 yet felt ill prepared to actually do a deal.

No need to ruin what seems like a pretty good deal banking relationship over what in the grand scheme of things is a minor issue.

Based on that, your scheme breaks down.

I do not know what the credit is now, at one time it was $50 or $100 - really inconsequential in the grand scheme of things, but it was something they offered and it would be like pulling teeth to get the credits applied.  

In my case it didn't make a big difference in the overall scheme but it seemed to help persuade the seller that I was serious.

Pick at most 2 of the 3.In the grand scheme of things, owning a single property is pretty crummy - not enough profit to really make a difference, and just enough headache since you learn very slowly how to do it well.If you want to invest in getting good at property investing and building an advantage, go for it.  

In the grand scheme of things for your aggregate P&L (not just the property) you are probably ahead.

You may regret asking for my opinion... but here goes :)First, wholesaling is not a get rich quick scheme, and it is certainly not free.