I also ask for three business credit referrences and send an authorization to release credit information and follow up with a phone call.

Also, property taxes have plummeted also giving many borrowers some wiggle room on their monthly payments.If interest rates spike up and stay up for an extended period of time, eventually payments may become difficult for many borrowers with the option ARM loan.

ROI is a personal decision---if you are happy with 30% based upon today's realities, then go for it...Personally, I would want more of a buffer to account for the unknown and worst case scenario (value deflation and or extended holding periods).

Also once a contract is assigned to another investor are they able to adjust the contract if need be, ex. extend closing date, etc.?

To extend it a bit.You can send to multiple people at the same time.You can recieve inbound faxes at the same time.

Just extending the welcome~ :welcome: To BP!

If you have a portion of the surround walls that do not extend to the ceiling, also be sure to cap that wall in such a manner that it can not be used as a "shelf".

He recently released a new edition called BUY & HOLD FOREVER: How to Build Wealth for the 21st Century (released 2010) which I plan on ordering soon.The Donald's Art of the Deal is a very entertaining read with some good business concepts for us all to adopt (handshakes and sticking to your word, win-win situations for all, paying top dollar for good help, etc.), but like someone else said, it's NOT a how-to REI book for the non-billionaires in this group.Finally, I subscribe to the Personal Real Estate Investor magazine http://nexzuspub.com/, but I'm not sure if I'm going to renew.

BP just released a podcast episode on this.You could definitely start wholesaling but I caution those who do that are new to real estate: you need to be an expert at everything to be good and stay out of trouble.

Ours is extended and larger families.