This method  can be no better than gambling, no thanks.

If you can’t see it - it’s a gamble plain and simple.

I try to be a part of big enterprises that can also withstand movements in demand and that are affected by national and international relationships, subject to competition, and are a part of world markets.

Real estate investing is not a “simple” enterprise - at least to do it well and with any sustainability.

It is a gamble, especially if you are out of state.

These aren't issues that are specific to flipping and should be a primary focus for any real estate investment - The bottom line is that you made a profit despite the challenges you faced - and congratulations for that - but it seems to the bystander that you gambled with another investor's money while investing very little of your own - you put yourself in the position of a teacher or mentor when in fact you are not extremely experienced in the business of flipping - consider how you would feel if you lost a portion of your partner's investment....Today I am closing on the purchase of my 15th flip for the year, and I wouldn't dream of taking on an investment partner who wasn't equally experienced and had an equal say in the decision process.Good Luck with your future projects and Happy Investingjeff 

You’ll learn how Paul discovered the vital difference between investing and speculating, why falling in love (with a deal) is incredibly dangerous, and the huge real estate gamble that Paul made that cost him $40,000.

Its educated gambling..... and you may hit a grand slam...or you may get punched in the nuts...... its personal decision on your risk tolerance.Sometimes that huge leap of faith and "screw it, I'm going for it" can reap huge rewards....and sometimes it doesn't.For every "I bought it sight unseen and its doing great", I would easily bet there are dozens that have been totally screwed...some of them don't even know it yet.

It is not logical that we could be in business for over 10 years (in the same city even), employing the number of people we do, carrying all of the business overhead that comes with running a large enterprise,  being vetted by the number of accredited investors who choose to put their capital to work with us etc. if the business model was charging $3000 to as many people as possible and then purposefully turning down their loans.

. :)ya we sure hate that gambling for appreciation.. but some folks have to live with it.. good job.