They do a double close or other process to avoid the problems when a wholesale is specifically blocked.Lenders are sophisticated and they want to stay out of chains.

The game seems so simple to amatuers but in fact it is very sophisticated.

Even with his help, it would take at least a year (probably two) to get something set up that would allow me to pool non-acredited investors.If you stick with acredited investors or, better yet, sophisticated investors, you can get going faster since the SEC assumes that those investors know enough to protect themselves.As John pointed out, if I go that route, don't expect to hear much from me about it.Aside from all the set up, there is a lot of paper that needs to be generated, stored. reported and audited just to prove that you aren't cheating a 90 year old alzheimers patient out of her life's savings.

In some of the more sophisticated areas, I've gotten "fill in the blank" PDFs (not as handy but I can save a copy using pdf995).

Consumers are becoming much more sophisticated and knowledgeable in their purchasing habits.

Depending on the size of your market and how sophisticated the MLS database may be, you could try to find a Realtor who is expert at working it to save both of you some time.I set up several different searches for distress property, including wild-card searches by owner (anything with "bank" in the name, for instance), agent remarks with terms like "as is" or "handyman" or "seller motivated," and listings of agents whom I know work with REOs.

, and I introduced myself a few months back, but I wanted to do it again, as I think I have more clarity in where I'm heading now with RE investing (at least over the next 6-9 months) and wanted to share that.I'm a newbie investor, focused on becoming a great wholesaler, with a longer-term desire to be a buy-and hold investor and develop more sophisticated skillsets (lease options, foreclosures, sub-2, etc.).

One glaring clue is that the e:mail correspondence will be disjointed and feel awkward to read -- spelling will be accurate, but phrasing and sentence structure will not be of the caliber you would expect from a highly-educated professional.Variations on this scam can be very sophisticated: Some operations have "mules" on the ground here in the states, and most of the time these people will not know they are pawns in the scam.

But I would not have my OWN info memorized to fill out an application with phone numbers and addresses and all, so how can I expect less sophisticated people to?

People who write blogs like this are trying to sound too sophisticated, like they know too much.