I have seen several hard money lenders pretty much get pick pocketed by smooth talking wholesalers who were unloading lemons onto the next fish.

columns and beam replacement in the unfinished basement is among the easiest and cheapest home repairs around - even with the cost of lumber now. 

I even had to talk to his lawyer to tell them how to write the purchase agreement...Anyway, so since this wasn't going to be a 24hr sale I could tell he is trying his hardest to sell to someone else also and whomever comes up with the money first he will unload the houses. 

15% decline in cooper & lumber, key components of housingJune housing starts dropped 9.9% in JuneHousing permits dropped 7.5%25% of the housing buyers are investors/institutionsJob creation is flatMortgage interest rates have risen about 1% (It has been written that for each 1% increase in mortgage rates 1 million less buyers qualify to buy a house.)Be careful out there!

Once I'm done with this work assignment (1-2 years), I'll either unload the thing to another investor or keep it for cash flow.

Those "soil conditions" = construction debris of various sorts (bricks, lumber scraps, roof shingles, concrete, foam plates and disposable coffee cups, etc) at very shallow depth.

I know a guy that keeps one unloaded on him.

Today, I got an email from someone saying that he needs help with a wholesale deal because he needs to unload a house.

The seller took >$50,000 hit just to unload it after 6-7 years of torment???

They generally have lists of properties that they are trying to unload for a small profit.If you're looking for move-in ready property then you want to find someone with MLS access; usually a real estate agent.Otherwise, use the search box at the top of the page.