I think you may end up LOSING money.

She claims, in the real world this doesn't work and that I will lose big time if I buy in low income areas even if there is great cash flow.

I am still a full time Title Examiner at a major player here in Michigan.

That isn't because of agency laws, but because you are have a very high chance of losing the deal without a written contract.How you "skirt" being a broker is that a wholesaler has an equitable interest in the property via a contract to purchase the property.

And, I don't think Cerberus should get a dime - they made a bet and are losing (although, their lawsuit against Daimler argues they were given misinformation).

Originally posted by Alan Brymer:Here are my observations: 1) You have to get a bigger discount, whether you're wholesaling or not 2) There appear to be fewer buyers to wholesale to now who have cash, so work harder at building a list of real players 3) Private lenders are a little more wary of loaning on real estate, but you can just show them in more detail how you buy at big discounts and they understand.

You'll lose your rent credit, but you've collected the $200/month.

If you buy that condo, and then have to sell it a few years later for the same price, you lose 10%, $25,000, just in transaction costs. 2% on the front end, 8% on the back end.

Like Jeffrey stated if you follow a set procedure you will very rarely lose.

now i'm not saying every broker or seller will ask you these questions, but i am saying that 85% of the professional commercial brokers or sellers will. they do this to separate the tire-kickers from the players is what they say.so for all the people on here that has experienced this when getting started, how were you able to either sidestep these questions or answer them in a creative way that made the broker or seller feel comfortable in going forward and disclosing certain info about the property.